Trump Floats $100 Billion Oil Vision as Venezuela Hits Freight Surge and Debt Wall - finance.biggo.com
Trump Floats $100 Billion Oil Vision as Venezuela Hits Freight Surge and Debt Wall - finance.biggo.com
Source: finance.biggo.com
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DW NOTE
Trump proposes a $100 billion oil deal while Venezuela sees export volume rise and sovereign debt come due. Venezuela shipped 950,000 barrels per day in August — triple its 2020 nadir, but still half its pre-Chávez capacity. The debt wall is real: $60 billion in external obligations are in selective default, with $8.2 billion owed to China alone. A White House deal won't make Venezuelan crude material to global supply, and it won't make the bonds whole.