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By Rodrigo Santos Andrade
Venezuela power play: Washington, Caracas reach deal to have US$2b worth of crude oil sent to US
visibility comment0 event January 7, 2026 timer 11:36
Global oil prices tracking lower as China denounced the US as a bully, after the White House said it had persuaded Venezuela to divert supplies from Beijing and import up to US$2 billion worth of embargoed crude. Janiv Shah, Vice President of Commodity Markets at Rystad Energy, explains the wider impact of US intervention in Venezuela, on global oil markets.
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Venezuela power play: Washington, Caracas reach deal to have US$2b worth of crude oil sent to US
visibility comment0 event timer 11:36
Global oil prices tracking lower as China denounced the US as a bully, after the White House said it had persuaded Venezuela to divert supplies from Beijing and import up to US$2 billion worth of embargoed crude. Janiv Shah, Vice President of Commodity Markets at Rystad Energy, explains the wider impact of US intervention in Venezuela, on global oil markets.
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