Trump says US will refill strategic oil reserve with Venezuelan crude
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WASHINGTON, United States — WASHINGTON — President Donald Trump said Sunday the United States will soon begin refilling its strategic petroleum reserve with Venezuelan crude, a day after a broad oil agreement was reached with Caracas.
In a post on social media, Trump described the move as part of his administration's effort to strengthen energy supply and tap into Venezuela's large oil reserves. He did not provide a timeline or specify the volume of crude to be purchased.
The announcement followed remarks Saturday in which Trump said the two sides had reached what he called the world's largest oil deal, granting the United States access to Venezuela's petroleum resources. No further details on the agreement's terms were immediately available.
The strategic petroleum reserve, maintained by the U.S. government for emergency use, has drawn renewed attention as Washington has pursued deals to expand domestic energy supply and secure foreign sources of crude.
