US Treasury Secretary Bessent says increased Venezuelan crude oil supply means lower fuel prices and proceeds from the sale of Venezuelan oil will return to Venezuelans

The statement from US Treasury Secretary Bessent about increased Venezuelan crude oil supply suggests a potential easing of oil prices, which could impact market sentiment and inflation expectations.

Newsquawk StaffPublished 28 Jan 2026, 22:20 UTCOn the live feed at 22:00 UTC — 2 more headlines followed before this page went public

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Context

If Venezuelan oil proceeds are funneled back to the local population, it may signal a shift in domestic policy that could stabilize or enhance Venezuela's geopolitical dynamics, affecting broader energy markets including WTI and Brent.

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