US Energy Secretary Wright says balance can be had with China in Venezuela, according to a Fox Business Interview; will not allow China to have huge control over Venezuela

The remarks from US Energy Secretary Wright suggest a nuanced approach to US-China relations regarding Venezuela, which may ease some tensions but also indicates vigilance to prevent excessive Chinese influence.

Newsquawk StaffPublished 8 Jan 2026, 13:38 UTCOn the live feed at 13:18 UTC — 13 more headlines followed before this page went public

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13:30

US Continuing Jobless Claims (Dec/27) 1914K vs. Exp. 1900K (Prev. 1.858K, Rev. 1866K)

13:30

RevelioLabs Total Nonfarm Payrolls (Dec.): 71k (prev. -9k)

13:18

US Energy Secretary Wright says balance can be had with China in Venezuela, according to a Fox Business Interview; will not allow China to have huge control over Venezuela

13:16

US PRE-MARKET MOVERS: NVDA, JEF, STZ, APLD, RTX, ABBV, RVMD, GOOGL, MQ, AA, NKE

13:13

UK Chancellor Reeves is to announce a relief package for pubs in the near term, FT reports; Reeves determined that such firms need relief from the Autumn Budget business rate changes. Tweaking the business rates system and a more relaxed licensing system.

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Trump wants peaceful relations with China going forward.
There can be commerce with China.
No plans to do anything in Iran.
ConocoPhillips (COP), Exxon (XOM) and others look to have a constructive role in Venezuela.

Context

This could impact energy markets, particularly for companies like ConocoPhillips and Exxon, as US firms may find pathways for engagement in Venezuela, potentially balancing the geopolitical landscape. Traders should monitor how these dynamics affect oil prices and broader energy sector sentiment.

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