Venezuela Set to Export $2 Billion Worth of Crude Oil to U.S.

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Venezuela has agreed to export $2 billion worth of crude oil to the U.S., boosting supply to Gulf Coast refineries and potentially disrupting illicit shipments to China.

Market Impact

Market impact analysis based on bullish sentiment with 80% confidence.

Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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Venezuela and the United States have reached a deal under which authorities in the South American country will agree to export $2 billion worth of crude oil to the U.S., according to President Donald Trump. The agreement with the U.S.-compliant leadership in Caracas would boost supply of heavy crude to the U.S. Gulf Coast refineries and potentially further cripple illicit Venezuela shipments of cheap crude to China, Reuters notes. Venezuela’s state oil firm PDVSA has been unable to ship oil cargoes to Asia for nearly a week, as…

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Original article published by OilPrice.com on January 7, 2026.
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