The Trump administration is close to a major deal with Venezuela that would give U.S. companies ownership stakes in more than a dozen oil fields, tapping into the world's largest proven oil reserves.

Intelligence summary

The Trump administration is close to a major deal with Venezuela that would give U.S. companies ownership stakes in more than a dozen oil fields, tapping into the world's largest proven oil reserves. The fields could produce up to 90 million barrels a day, while U.S. investment would help revive Venezuela’s struggling oil industry and increase its revenue. Source: Axios