JUST IN: 🇻🇪➡️🇺🇸 Venezuela to Supply 30–50 MILLION Barrels of “High-Quality, Sanctioned” Oil

In a major energy and geopolitical development, **U.S. President Donald Trump announced that interim authorities in Venezuela have agreed to turn over between 30 and 50 million barrels of sanctioned crude oil to the United States. �

The Economic Times

The petroleum will be sold at market price, with proceeds overseen by the U.S. government. Trump said the revenues will be used to benefit both Venezuelan and American citizens. �

The Economic Times

📍 What’s Happening

• The transfer involves high-quality, sanctioned oil currently held in Venezuelan storage and on tankers. �

• Trump said he has directed Energy Secretary Chris Wright to implement the plan immediately, with oil shipped via storage vessels directly to U.S. unloading docks. �

• The deal comes on the heels of intensified U.S. military and political pressure in Venezuela, including the capture of President Nicolás Maduro. �

Anadolu Ajansı

Anadolu Ajansı

AP News

🧠 Why This Matters

Size of the Transfer:

30–50 million barrels represents a significant amount — potentially equivalent to about a month or more of Venezuela’s pre-sanction output — though global production and consumption dwarf this volume. �

mint

Market Reaction:

Crude prices saw downward pressure after the announcement, with benchmarks like Brent and WTI dipping on expectations of increased supply. �

The Guardian

Geopolitical Impact:

• The move marks a major shift in U.S.–Venezuela energy relations after years of sanctions and export restrictions. �

• It could redirect crude flows previously bound for China and other buyers. �

• The arrangement has drawn international scrutiny and criticism over legal and sovereignty issues. �

The Economic Times

moderndiplomacy.eu

Financial Times

Economic and Strategic Considerations:

• Venezuela holds some of the world’s largest crude reserves, and reopening energy ties with the U.S. could affect regional oil dynamics. �

• Experts caution that structural challenges — such as aging infrastructure and production declines — may limit long-term output gains. �

moderndiplomacy.eu

The Guardian

📊 Key Takeaways

✔️ 30–50M barrels is a headline-grabbing volume with potential impacts on U.S. refiners and oil markets. �

✔️ The proceeds from the sale will be market-priced and managed by the U.S. administration. �

✔️ The move signals a new era of energy cooperation — and contention — between Caracas and Washington. �

mint

The Economic Times

Financial Times

Follow for more updates as this story develops.

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