White House developments this period centered on a single major event. US energy companies are advancing multibillion-dollar oil investment deals with Venezuela, while the US negotiates Venezuela's potential exit from OPEC. This signals a significant shift in US-Venezuela energy relations that could reshape global oil markets.
- Chevron, Halliburton, and other US energy firms are finalizing deals to invest billions in rebuilding Venezuela's oil fields.
- The US is negotiating a large stake in Venezuela's oil reserves.
- Venezuela has discussed leaving OPEC with US officials.