Trump admin has required the majority of Venezuelan oil to be sold to the US and China can buy the oil at 'fair market prices'

Newsquawk Staff · 22 Jan 2026, 17:46 UTC

Allowing China to purchase Venezuelan oil but not at "unfair, undercut" prices that Maduro sold oil to China to pay debts.

What it means

The Trump administration's requirement for Venezuelan oil to be predominantly sold to the US, while allowing China to buy it at fair market prices, signals a strategic shift in energy dynamics. This could impact global oil supply and pricing, affecting WTI futures and potentially strengthening the USD against other currencies, while altering China's energy procurement strategies. Overall, it demonstrates geopolitical maneuvering which might influence market sentiment across energy and forex sectors.

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US Market Open, 6 Nov, 10:48 UTC · what it led with

APAC stocks were pressured; KOSPI slumped 6% following hefty losses in Samsung and SK Hynix.
USD is firmer against all G10 peers awaiting the US NFP report.

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