According to PolyBeats monitoring, in the past 24 hours, the "Will Venezuela provide oil to the United States by January 31?" market "Yes" has surged from a low of 46% to 73%.
Reuters reported yesterday that the United States and the Venezuelan interim government have reached an arrangement to transfer around 30 to 50 million barrels of oil to the United States in the near future, with the approximate value of these barrels being billions of dollars.
The Trump administration has confirmed that the market sales work for the related crude oil has begun, and the sales proceeds will be managed through the U.S. banking system. At the same time, the U.S. is in discussions with multiple major U.S. oil companies to support crude oil production and exports.
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