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Trump’s Big Venezuela Deal Leaves US Oil Industry Blindsided
Source: Bloomberg
Geopolitics & WarEnergy Markets & PricesTrade Policy & Supply ChainSanctions & Export Controls
Trump calls the US-Venezuela oil accord—described as giving the US effective control over much of Venezuela’s crude wealth—possibly “the greatest deal ever made.” The article provides no deal size or production/cashflow figures, but the arrangement implies a significant shift in geopolitical energy leverage that could materially affect oil supply and market expectations.
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