A White House Official says the meeting between oil executives and President Trump will happen on Friday. In that meeting the President will talk about Venezuela oil, according to FBN's Lawrence
The announcement of a meeting between President Trump and oil executives, particularly focusing on Venezuela's oil, suggests the administration may be considering policy shifts that could impact global oil supply and prices.
Oil sales from Venezuela will continue indefinitely and sanctions will be reduced as part of an agreement between the US administration and Venezuela, CNBC reports citing a White House source; 50mln barrels to be sold to the US in the first tranche.
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A White House Official says the meeting between oil executives and President Trump will happen on Friday. In that meeting the President will talk about Venezuela oil, according to FBN's Lawrence
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This development may lead to heightened volatility in the energy markets and affect the broader risk sentiment across currencies and equities, particularly in relation to oil-exporting countries and U.S. energy stocks.
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