Market Chatter: Pentagon In Talks With Venezuelan Investor For Major Oil Deal

06:02 PM EDT, 08/28/2026 (MT Newswires) -- The U.S. government is pursuing a potential partnership with energy investor Alejandro Betancourt that could give it a direct stake in as many as 17 Venezuelan oil fields, Bloomberg reported Friday, citing people familiar with the matter. Bloomberg said the Pentagon's Office of Strategic Capital is being discussed as the agency that could oversee the investment. One arrangement under consideration could involve a 100-year lease on several oil fields, the report said. Chevron and other energy companies are also discussing new investments in Venezuela, while the Venezuelan government is considering leaving OPEC, Bloomberg said. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)