Trump Expects Big Oil to Agree on Venezuela Spending

Summary

President Donald Trump speaks at a White House meeting with oil industry executives about Venezuela. He says Venezuela has delivered 30 million barrels of oil worth about $4 billion to the US and that the two countries are working closely together. Trump says his administration will decide which oil companies can enter Venezuela, expects to cut a deal very soon, and promises total security for operations. He describes Venezuela's reserves as among the world's largest and says future extraction will be massive, benefiting both Venezuela and the US.

• Trump announces Venezuela supplied 30 million barrels of oil, worth about $4 billion, to the US.
• The US and Venezuela are working together, and Trump says relations have improved.
• Trump says the US will choose which oil companies are allowed to enter Venezuela.
• A deal with oil companies is expected to be cut imminently.
• Trump promises total safety and security for oil operations in Venezuela.
• Venezuela's oil reserves are described as among the largest in the world.
• Trump says future oil extraction will be enormous, benefiting Venezuela and the US.