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Trump Venezuela Oil Deal Could Unlock $200 Billion and Expand US Energy Supply
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Fox Business, Approved, National

Trump Venezuela Oil Deal Could Unlock $200 Billion and Expand US Energy Supply

By Michael Sinkewicz | FOX Business Secretary of State Marco Rubio called the agreement a 'huge win' that could bring nearly $100B in private investment. Venezuelan interim President Delcy Rodriguez on Saturday touted a "historic" oil agreement with the United States announced by President Donald Trump. Speaking during an evening address, Rodriguez celebrated the agreement, saying it would help revive Venezuela's economy. She said the deal would remain in effect for 25 years and initially target crude production of more than 1.5 million barrels per day while preserving the South American country's sovereignty over its natural resources. "This 25-year bilateral project envisages the development of 17 strategic oilfields with a production target of more than 1.5 m...
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U.S. Energy Output Hits All-Time High, Defying Regulatory Pressures
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Just The News, Approved, National

U.S. Energy Output Hits All-Time High, Defying Regulatory Pressures

By Alton Wright | Just the News The agency now projects U.S. crude oil production will average 13.5 million b/d in both 2025 and 2026. The United States produced a record-high 13.6 million barrels of crude oil per day in July, up from 13.5 million barrels per day (b/d) in June, the Energy Information Administration (EIA) said in its latest Short-Term Energy Outlook. U.S. crude oil production in July was higher than previously estimated, prompting the agency to raise the starting point of its forecasts for the remainder of 2025 and 2026. The agency now projects U.S. crude oil production will average 13.5 million b/d in both 2025 and 2026. For the remainder of 2025, this represents a 100,000 b/d increase from the agency’s August forecast, while 2026 oil production was projected 200,...
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