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Strategies & Market Trends : World Outlook

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From: Les H	1/14/2026 8:11:11 PM
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US completes first Venezuelan oil sales valued at $500 million, US official says Story by Jarrett Renshaw, Reuters, January 14, 2026 Revenue from the initial oil sales - valued around $500 million - is being held in bank accounts controlled by the U.S. government, according to an administration official, citing an order issued on Friday. The main account is located in Qatar, according to an industry source familiar with the plan, who said the country represented a neutral venue where funds can move with U.S. approval and without risk of seizure. Semafor first reported that the sales had been completed. US completes first Venezuelan oil sales valued at $500 million, US official says Eluding Congressional oversight, Venezuela's creditors, and probably Venezuela's own needs as well.

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