Oil sales from Venezuela to continue indefinitely, sanctions will be reduced, source says | Crypto Craft

  • Oil sales from Venezuela to continue indefinitely, sanctions will be reduced, source says

    From cnbc.com

    | Getty Images Oil sales from Venezuela will continue indefinitely and U.S. sanctions will be reduced, sources close to the White House told CNBC’s Brian Sullivan on Wednesday. President Donald Trump said Tuesday that Venezuela will turn over 30 million to 50 million barrels of sanctioned oil, which will be sold at market prices. But those 50 million barrels are only the first tranche and sales will continue indefinitely, sources said. U.S. sanctions against Venezuela will be rolled back as part of the deal, the sources said. The oil is sanctioned barrels that otherwise would have gone to China and will be ... (full story)

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Vancarbon
Jan 7, 2026 7:43am
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https://www.ft.com/content/060c5ede-...b-4fc939372ae0

Venezuela: Oil, oil everywhere — but not a drop to pump

Oil flows are determined by economics, logistics, payments, insurance and confidence in the system — not just policy decisions. Venezuela’s oil remains largely stranded due to breakdowns in these areas. The country’s reliance on imported naphtha — mainly from Russia and China — is a critical bottleneck. If production were to return to pre-crisis levels (about 3mn b/d), Venezuela would need to import about 300,000 b/d of naphtha — about the same as current US global naphtha exports.

For a broader recovery, consensus estimates suggest that would need $10bn to $20bn a year over a decade (about $110bn total) to reach 2.5mn b/d without full modernisation. And research from Hart Energy puts the cost at $180bn to $200bn for a comprehensive overhaul and expansion. For comparison, US oil majors’ combined capital expenditure plans total roughly $413bn over the next five years. Yes, Trump has stated that the oil industry could be “up and running” within 18 months, but this is almost impossible to imagine.

To further complicate matters, China is a major investor and importer of Venezuelan oil. Disruption in Venezuela could affect Chinese state-owned companies, independent refiners and banks with outstanding loans. The future of these investments depends on the post-Maduro regime’s policies and legal arrangements.

Venezuela’s oil sector offers significant long-term potential. But in the short to medium term, I believe that its impact on global oil markets will remain limited.

And restoring Venezuela’s oil industry to its former peak would require massive investment. The state-owned oil company Petróleos de Venezuela estimated in 2021 that $77.6bn would be needed to restore production to 1998 levels, including $7.6bn for pipelines and terminals.
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future911
Jan 7, 2026 7:34am
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Oil chart ready now to begin mayhem
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Aljawhar
Jan 7, 2026 7:44am
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yeah
Reply
Trader#BFD8
Jan 7, 2026 7:36am
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today gold is down itl 4400 level soon
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Trader#A58D
Jan 7, 2026 7:42am
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4396 soon
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Trader#E63D
Jan 7, 2026 8:01am
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nothing says "free trade" and "invisible hand of the market" more than a naval blockade and military operations.
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Trader#B614
Jan 7, 2026 10:05am
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Finally free from stealing by other country lolzzz
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