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74ENERGY

US administration brokers long-term oil deal with Venezuela

⚡ Markets: Potentially brings more Venezuelan crude supply to the market over the long term, which could be bearish for oil prices. The deal's structure could benefit specific companies while excluding others, creating winners and losers in the US energy sector.WTIXOMCVX

The Trump administration has finalized a sweeping, long-term oil deal with Venezuela's government. The deal has surprised the US oil industry and raised concerns, as a key broker was reportedly the subject of a US money-laundering investigation related to Venezuela's state oil company, PDVSA.

West MSM 1Financial press 1Regional 2Non-West State 14 countries
5 sources across the spectrum
Financial pressCNBC — Trump’s state capitalism comes to the oil industry with his unprecedented Venezuela deal
RegionalThe Straits Times — The Venezuelan billionaire the US investigated for money laundering now has a Pentagon oil deal
RegionalJapan Times — Trump’s big Venezuela deal leaves U.S. oil industry blindsided
West MSMNPR — U.S.-Venezuela oil deal puts opposition in a political bind
Non-West StateCGTN — U.S. solidifies stake in Venezuelan oil, what’s next?
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