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Filtering by entity: Energy Secretary Chris Wright | Clear Filter
Summary:Interim Authorities in Venezuela will turn over 30 to 50 million barrels of sanctioned oil to the United States, with the President controlling the sale proceeds to benefit both Venezuela and the United States. Energy Secretary Chris Wright is instructed to execute this plan immediately, with the oil to be transported by storage ships to U.S. unloading docks.
Sentiment:Triumphant
Key Claims:
- Interim Authorities in Venezuela will turn over 30 to 50 million barrels of high quality, sanctioned oil to the United States of America.
- This oil will be sold at its market price.
- The money from the sale will be controlled by the President of the United States of America.
- The funds will be used to benefit the people of Venezuela and the United States.
- Energy Secretary Chris Wright has been asked to execute this plan immediately.
- The oil will be taken by storage ships and brought directly to unloading docks in the United States.
Potential Market Impact (S&P 500):6/10
Potential Geopolitical Risk:0/10
Potential Global Cross-Asset Impact:7/10
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