Summary

US President Donald Trump announced that Venezuela will relinquish 30 to 50 million barrels of oil to the US, worth roughly US$2.8 billion. The oil, which will be sold at market price, will benefit both countries, with proceeds controlled by Trump. This move marks a significant step for the US in extending its economic influence in Venezuela and a blow to China, previously the top buyer of Venezuelan oil.

https://www.theedgesingapore.com/news/oil-gas/trump-says-venezuela-send-us-50-milbarrels-oil