US EditionPublished • loading... • Updated
US completes first Venezuelan oil sales valued at $500 million, US official says
The U.S. government sold $500 million of Venezuelan crude, controlling proceeds in U.S.-held accounts, with further sales and $100 billion investment plans anticipated.
- The U.S. completed its first sale of Venezuelan crude oil on Wednesday, valued at $500 million, White House officials confirmed.
- Weeks after U.S. forces captured Nicolás Maduro, Venezuelan president seized earlier this month, Trump met last week with oil executives, telling them `They know the risks` while urging investment.
- Trading houses including Vitol and Trafigura arranged and transported the cargo, which is expected to be refined in the United States, with the crude selling about $6-9 below Brent.
- Revenue from the sale is being held in U.S.-controlled bank accounts, with a principal account in Qatar, and a Friday executive order plus Treasury Secretary Scott Bessent's oversight will protect the funds.
- The sale forms part of a broader $2 billion deal that aims to market 30 million to 50 million barrels and attract up to $100 billion in private investment.
Insights by Ground AI
128 Articles
128 Articles
The United States ended a sale of oil in Venezuela, for the first time after the arrest of Venezuelan President Nicolas Maduro, announced to France Presse an unidentified American official, according to Agerpres.
·Romania
Read Full Article
The United States has completed a deal to sell Venezuelan oil, the first since Washington took control of the sector following the ouster of President Nicolas Maduro, a US official told AFP on Thursday.
·Vilnius, Lithuania
Read Full Article
Coverage Details
Total News Sources128
Leaning Left15Leaning Right15Center41Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 21%
C 58%
R 21%
Factuality
To view factuality data please Upgrade to Premium
