US Unveils Strategy on Venezuelan Oil, Spurring Rush for Access

Oil traders and US refiners are rushing to position for access to Venezuelan crude after the Trump administration said it would take control of as much as 50 million barrels, one of the largest unexpected supply flows in years. Most Read from Bloomberg Leia em português. The US strategy — announced initially in a late-night social media post Tuesday from President Donald Trump and more details coming Wednesday from Energy Secretary Chris Wright — thrusts the federal government into direct involvement i ...