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US Secretary of State reassures lawmakers on process to market Venezuelan oilon 28 January 2026 at 10:02 pmUS Secretary of State Marco Rubio on Jan. 28 reassured US lawmakers that the Trump administration’s process to market Venezuela’s oil is on track and is just one part of a broader framework to normalize oil sector operations in the country. Venezuelan officials have pledged to use some of the funds from US-facilitated oil sales to buy products from the US, including diluent, Rubio said during a US
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Venezuelan crude prices to Chinese independent refineries surge as Western traders emergeon 27 January 2026 at 11:15 am
The price of Venezuelan Merey crude to China’s independent refineries has surged as Western trading houses entered the market with US sanctions exemption, despite available cargoes for the sector expected to sustain for three-four months of consumption, Shandong-based refining and trade sources told Platts, part of S&P Global Energy, Jan. 27. The Merey crude barrels, which come with