Trump says Venezuela will send U.S. up to 50 million barrels of oil — and he'll control the proceeds
MarketWatch·2026-01-07 01:06
Core Viewpoint - Venezuela is set to send between 30 million to 50 million barrels of oil to the U.S., with the sales proceeds being controlled by President Donald Trump [1] Group 1 - Venezuela's oil shipment to the U.S. is significant, indicating a potential shift in oil supply dynamics [1] - The volume of oil being sent ranges from 30 million to 50 million barrels, which could impact market prices and availability [1] - The proceeds from the oil sales will be managed by President Trump, suggesting a direct influence on the financial aspects of this transaction [1]