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The Guardian - UK
The Guardian - UK
Business
Jillian Ambrose and Jasper Jolly

Venezuela to continue supplying oil to US ‘indefinitely’, White House says

Oil United States Venezuela Donald Trump Chevron ConocoPhillips the White House
Crude oil drips from a valve at an oil well in Venezuela
Crude oil drips from a valve at an oil well in Venezuela. Oil producers continue to pump more crude than needed by the global economy. Photograph: Carlos García Rawlins/Reuters

The US plans to control Venezuela’s oil sales “indefinitely” after laying claim to 50m barrels of blockaded crude and seizing a Russian oil tanker linked to the South American country.

The White House already plans to sell up to $3bn (£2.2bn) worth of Venezuelan crude stranded in tankers and storage facilities into the oversupplied global market after the American military’s capture of Nicolás Maduro.

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