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Oil rises as market focuses on Venezuela and US sanctions plans
Oil prices climbed after two days of losses as investors weighed Venezuela crude flows and progress on U.S. Russia sanctions.
US says it needs to control Venezuelan oil sales indefinitely to drive change
The U.S. aims to control Venezuela’s oil sales and revenue indefinitely to stabilize its economy and rebuild production.
Oil sales from Venezuela to continue indefinitely, sanctions will be reduced, CNBC reports
U.S. to buy Venezuelan oil indefinitely and roll back sanctions under new deal, beginning with more than 50 million barrels, CNBC reports.
Caracas, Washington in talks to export Venezuelan oil to US, sources say
HOUSTON/WASHINGTON, Jan 6 (Reuters) – Government officials in Caracas and Washington are discussing exporting Venezuelan crude to refiners in the United States, five government, industry and shipping sources told Reuters on Tuesday, a deal that could divert supplies away from China while helping state company PDVSA avoid deeper output cuts. Venezuela has millions of barrels […]
Venezuela loads oil only for Chevron as PDVSA exports stall
Venezuela is exporting crude only to Chevron as PDVSA cargoes for China remain halted amid a U.S. tanker blockade.
US oil companies gain after Trump signals access to Venezuela’s reserves
U.S. oil and refining stocks surged after Trump said American firms could access Venezuela’s vast oil reserves amid political upheaval.
Oil rises as Trump’s Venezuela blockade takes edge off global crude surplus concerns
Oil prices rose more than 1% after Trump ordered a blockade of sanctioned Venezuelan oil tankers, tightening supply risks.
