đź’¨ Abstract
President Donald Trump announced that Venezuela would transfer 30-50 million barrels of oil to the U.S., worth around $2.8 billion. This move aims to extend U.S. economic influence in Venezuela post-Maduro's capture and impacts China, previously the top buyer of Venezuelan oil. The oil will be sold at market price, with proceeds benefiting both countries. This quantity represents about 30-50 days of Venezuelan oil production before the U.S.
Courtesy: theprint.in
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