The United States is reportedly on the verge of finalizing a significant deal that would grant it extensive access to Venezuelan oil fields, potentially securing an ownership stake in the country’s vast oil reserves. With estimates suggesting Venezuelan fields contain around 90 billion barrels of oil, this agreement could substantially increase US energy supplies. Simultaneously, Venezuela is contemplating exiting OPEC in response to its growing ties with the US. This move marks a potential shift in the geopolitical landscape of oil production, as Venezuela evaluates a long-term relationship with US companies like Chevron, which could benefit from the potential deal. As discussions progress, crude oil prices have begun to fluctuate in anticipation of these developments.