Uploaded August 2026 | Updated September 2026, 3 weeks ago
President Trump is framing the deal for a US stake in 65 billion barrels of Venezuelan oil as a victory that will lower gasoline prices and replenish depleted crude reserves. It’s far from certain the plan will lead to either during his presidency — if at all.
Trump pushed for a blockbuster move after growing frustrated that private oil companies, including ExxonMobil Holdings Corp. and ConocoPhillips, weren’t moving quickly enough to boost production in Venezuela, according to people familiar with the matter. By starting a new venture directly controlled by the US, his administration is seeking to give producers more confidence to commit to developing the 17 oil fields involved in the deal.
For more, we speak with Ellen Wald, President and Founder of Transversal Consulting & Senior Fellow at the Atlantic Council Global Energy Center.
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: tinyurl.com/ysu5b8a9
Visit bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: twitter.com/BloombergTV
Facebook: facebook.com/BloombergTelevision
Instagram: instagram.com/bloombergtv
Connect with Bloomberg Business on:
X: twitter.com/business
Facebook: facebook.com/bloombergbusiness
Instagram: instagram.com/bloombergbusiness
TikTok: tiktok.com/@bloombergbusiness?lang=en
Reddit: reddit.com/r/bloomberg
LinkedIn: linkedin.com/company/bloomberg-news
More from Bloomberg:
Bloomberg Radio: twitter.com/BloombergRadio
Bloomberg Surveillance: twitter.com/bsurveillance
Bloomberg Politics: twitter.com/bpolitics
Bloomberg Originals: twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: youtube.com/@BloombergTechnology
Bloomberg Originals: youtube.com/@business
Bloomberg Quicktake: youtube.com/@BloombergQuicktake
Bloomberg Espanol: youtube.com/@bloomberg_espanol
Bloomberg Podcasts: youtube.com/@BloombergPodcasts
President Trump is framing the deal for a US stake in 65 billion barrels of Venezuelan oil as a victory that will lower gasoline prices and replenish depleted crude reserves. It’s far from certain the plan will lead to either during his presidency — if at all.
Trump pushed for a blockbuster move after growing frustrated that private oil companies, including ExxonMobil Holdings Corp. and ConocoPhillips, weren’t moving quickly enough to boost production in Venezuela, according to people familiar with the matter. By starting a new venture directly controlled by the US, his administration is seeking to give producers more confidence to commit to developing the 17 oil fields involved in the deal.
For more, we speak with Ellen Wald, President and Founder of Transversal Consulting & Senior Fellow at the Atlantic Council Global Energy Center.
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: tinyurl.com/ysu5b8a9
Visit bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: twitter.com/BloombergTV
Facebook: facebook.com/BloombergTelevision
Instagram: instagram.com/bloombergtv
Connect with Bloomberg Business on:
X: twitter.com/business
Facebook: facebook.com/bloombergbusiness
Instagram: instagram.com/bloombergbusiness
TikTok: tiktok.com/@bloombergbusiness?lang=en
Reddit: reddit.com/r/bloomberg
LinkedIn: linkedin.com/company/bloomberg-news
More from Bloomberg:
Bloomberg Radio: twitter.com/BloombergRadio
Bloomberg Surveillance: twitter.com/bsurveillance
Bloomberg Politics: twitter.com/bpolitics
Bloomberg Originals: twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: youtube.com/@BloombergTechnology
Bloomberg Originals: youtube.com/@business
Bloomberg Quicktake: youtube.com/@BloombergQuicktake
Bloomberg Espanol: youtube.com/@bloomberg_espanol
Bloomberg Podcasts: youtube.com/@BloombergPodcasts
