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Venezuela oil deal: who wins?

US firm acquires fifth of Venezuela's oil

Washington and Caracas have signed an agreement which gives a US-led company rights over Venezuelan oilfields amounting to about a fifth of the country's reserves.

Also in the programme: growing discontent in Spain at the government's handling of the sudden arrival of tens of thousands of migrants in Ceuta, a Spanish territory in North Africa; and as the British Museum launches its exhibition of the Bayeux Tapestry, why does it still speak to us almost a millennium after it was made?

(Photo: Venezuelan acting president dolce Rodriguiz talking to the US energy secretary. Credit: Shutterstock)

12 days left to listen

50 minutes

Last on

Wed 2 Sep 2026 20:06GMT

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  • Wed 2 Sep 2026 20:06GMT

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