US allows China to purchase Venezuelan oil but not at 'undercut' prices of Maduro days-official

Reuters
2026.01.22 17:39
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WASHINGTON, Jan 22 (Reuters) - The Trump administration is allowing China to purchase Venezuelan oil but not at “unfair, undercut” prices at which Venezuela sold the crude before the U.S. removed its leader Nicolas Maduro, an administration official said on Thursday.“Thanks to President (Donald) Trump’s decisive and successful law enforcement operation, the people of Venezuela will collect a fair price for their oil from China and other nations rather than a corrupt, cheap price,” the official said on condition of anonymity.