US President Trump says they are getting along well with the interim government in Venezuela
The positive dialogue between President Trump and Venezuela's interim government signals a potential easing of tensions, particularly in the energy sector.
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US President Trump says they are getting along well with the interim government in Venezuela
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- Venezuela supplied 30mln barrels of oil to the US yesterday worth USD 4bln.
- Will make decision about which oil companies will go into Venezuela.
- US to immediately begin refining and selling up to 50mln bbls of Venezuelan oil.
- Giant oil companies will spend USD 100bln of their money.
- Will have another meeting next week.
With Venezuela supplying oil to the U.S. and plans for significant investments from big oil companies, markets may react to the implications for oil supply dynamics and U.S. energy independence. Keep an eye on how these developments could impact commodity prices, particularly crude oil, and related currencies.
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