US allows China to purchase Venezuelan oil but not at ‘undercut’ prices of Maduro days official says

WASHINGTON, Jan 22 (Reuters) - The Trump administration is allowing China to purchase Venezuelan oil but not at “unfair, undercut” prices at which Caracas sold the crude before the U.S. removed President Nicolas Maduro, a U.S. official said on Thursday. While the oil will be sold in the global marketplace, the administration has required that the majority be sold to the United States, the administration official said on condition of anonymity. The U.S. says it will control Venezuela’s oil sales indefinitely after seizing Maduro on January 3. China has been Venezuela’s top oil buyer for years, and the sales helped Caracas repay massive loans to Beijing in debt-for-oil deals. 🔗 Leggi su Internazionale.it

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'Will Sell To China, Russia': Trump Lays Out Plans For Venezuelan Oil After Maduro Capture

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US allows China to purchase Venezuelan oil but not at 'undercut' prices of Maduro days, official saysBy Timothy Gardner WASHINGTON, Jan 22 (Reuters) - The Trump administration is allowing China to purchase Venezuelan oil but not at unfair, undercut prices at which Caracas sold the crude before the ... msn.com