US and Venezuela reach oil deal, Exxon to enter

The United States and Venezuela have reached an oil deal, with President Trump announcing that Exxon is 'going in' to Venezuela. Under the agreement, the US oil firm will take over some Venezuelan oilfields previously operated by Chinese and Russian companies. The deal has raised questions about its financial implications, with a $100 billion question left unanswered, and experts and lawyers are calling for contract transparency. Exxon plans a massive drilling push as part of the arrangement.