The United States' strategic petroleum reserves reached their lowest level since 1982 on August 31, at 289.7 million barrels, potentially dropping to 243 million if President Donald Trump releases another 39 million barrels. The White House revealed details of an agreement with Venezuela, described as the "largest oil agreement" in world history, granting the US majority control over 65 billion barrels of proven Venezuelan reserves. The agreement, signed by Secretary of State Marco Rubio and Secretary of War Pete Hegseth, through the company North American Blue Energy Partners, guarantees the US a 35% stake in the parent company, rights to purchase 20% of production at cost of production to replenish the strategic reserve depleted by Joe Biden, and veto power over board appointments.
Jornal Económico01/09/26, 09:49