Rising Venezuelan Oil Exports Help Insulate The US From Energy Crisis
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Source: Zero Hedge
Published: 2026-05-01 06:40 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Asia, Energy, China, Financial Markets, US Politics, Asia Pacific
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Snippet:
If the primary purpose behind the Trump Administration's snatch-and-grab operation against the illegitimate president of Venezuela, Nicolás Maduro, was not readily apparent in January, it should be crystal clear today. Under Maduro, around 75% of the country's energy exports were going to China. This year, the US will be receiving around 50% of the oil supply while China's share is reduced to 10%.
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