Politics1/7/2026•Bloomberg
Trump: Venezuela to Send Oil Worth Up to $2.8 Bln to US
President Donald Trump stated that Venezuela would provide the United States with up to 50 million barrels of oil, worth approximately $2.8 billion at current market prices. This volume represents around 30 to 50 days of Venezuela's oil production before the partial US blockade. The announcement is a significant development, as it reduces Venezuela's oil exports to China, previously the top buyer of Venezuelan oil and a close partner of the country.
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