First Venezuelan oil from US-NABEP deal arrives in Texas, to be sold to Exxon, Citgo - Reuters
First Venezuelan oil from US-NABEP deal arrives in Texas, to be sold to Exxon, Citgo - Reuters
Source: Reuters
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DW NOTE
The U.S. is now so desperate for crude that it's reselling Venezuelan oil to its own refiners. The US-NABEP deal was supposed to stabilise regional supply while Hormuz has been shut for eight months. Instead it reveals how far the administration will bend sanctions architecture when WTI sits at $100 and motorists are paying for a foreign policy failure in the Gulf.