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An oil pumpjack at Lake Maracaibo in Cabimas, Venezuela, January 27, 2026. REUTERS/Leonardo Fernandez Viloria
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INSIGHT - Trump touted a record Venezuela oil deal. Now reality is setting in

NABEP aims to boost Venezuelan oil production to over 1 million bpd under a US-backed deal.

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FILE PHOTO: Candidates in the upcoming U.S. Senate election, Republican U.S. Senator Dan Sullivan and Democratic former U.S. Rep Mary Peltola, attend a forum at the Alaska Oil & Gas Association (AOGA) annual conference in Anchorage, Alaska, U.S. August 27, 2026. REUTERS/Kerry Tasker/File Photo
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