US Oil Producers Set to Sign Production Deals with Venezuela

US oil producers are preparing to sign production deals with Venezuela. A signing ceremony is scheduled to take place in Houston. Several smaller US producers are involved in the arrangement. Petróleos de Venezuela is the other primary party in the agreement. Three people familiar with the plans provided the information. The ceremony brings together international energy interests. The location for the event is set in Houston. Further details on the production terms remain expected.