The US Secretary of Energy, Chris Wright, made a statement about an oil agreement. He said the agreement will attract more private US investment and allow Venezuela's crude oil production to more than double in the coming years.

Further announcements are expected, including an expansion of Chevron's operations in Venezuela. Wright is set to meet with Chevron representatives.

Details about the agreements are not fully available, but more information may be found through the source. The oil agreement was announced by President Donald Trump and Venezuelan leader Delcy Rodríguez the previous week.