US sells Venezuelan oil at 30% higher prices, completes $500M deal, energy secretary says
New York Post·2026-01-16 16:10

The US is selling Venezuelan oil at 30% higher prices than before as it completed its first sale worth roughly $500 million, according to the US Department of Energy.The sale came in the wake of the US’ stunning Jan. 3 raid that captured dictator Nicolás Maduro and his wife on charges including narco-terrorism conspiracy.“We’re getting about a 30% higher realized price when we sell the same barrel of oil than they sold the same barrel of oil three weeks ago,” Energy Secretary Chris Wright said Thursday duri ...