China Won’t Have Claims to Venezuelan Oil Revenue, Wright Says

US Energy Secretary Chris Wright said private deals could put Venezuela on track to rapidly expand crude output, and that China would have no debt claims to the revenue from new production. The development reduces perceived revenue-share/credit overhang tied to new barrels and supports incremental supply expectations for crude. Net effect is mildly positive for energy sentiment, though likely more notable for sector/producer equities than for broad markets.