Oil Sales from Venezuela to Continue Indefinitely, Sanctions Will Be Reduced, CNBC Reports
Tiger Newspress01-07
Oil sales from Venezuela will continue indefinitely and 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 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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
