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Verified Aug 31, 2026 5:03 PM (1 month ago)

Trump to meet refinery executives after Venezuela oil deal

By the BreakFirst Newsroom

Source: White House officials

Alaska National Guard (PDM) via Openverse

President Trump is set to meet with U.S. oil refinery executives following a historic $65 billion, 25-year agreement that gives the United States control over major Venezuelan oil fields, according to reports. The deal is expected to significantly boost U.S. energy production and revenue while deepening American influence in Venezuela's oil sector. Officials say the arrangement marks one of the largest energy agreements in recent history, reflecting the administration's push to strengthen U.S. energy dominance and reduce dependence on unstable foreign suppliers. The meeting with refinery executives is expected to focus on implementation details, including production timelines and infrastructure investment. The deal is likely to draw scrutiny from critics of Venezuela's government, though supporters argue it strengthens U.S. strategic and economic interests in the region.

Developing story — this article updates as more coverage emerges.

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