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Oil prices fall after Trump says Venezuela will send up to 50m barrels to US

07.01.2026 12:56 | The Guardian World

Deal would give US president power to sell up to $3bn-worth of crude stranded in tankers and storage facilitiesBusiness live – latest updatesGlobal oil prices have fallen by more than 1% after Donald Trump said Venezuela would hand over 30m to 50m barrels of the country’s blockaded crude to the US.The deal would give the US president the power to sell up to $3bn (£2.2bn) worth of Venezuelan crude stranded in tankers and storage facilities into an already oversupplied global market. Continue reading...

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