Daily brief
The United States has completed its first sale of Venezuelan oil under a new arrangement, with the transaction valued at approximately $500 million. The sale followed the capture of Venezuelan President Nicolás Maduro and preceded a meeting between President Donald Trump and Venezuelan opposition figure María Corina Machado. In a separate action, US authorities seized another oil tanker linked to Venezuela.
Oil companies Repsol, ENI, and Maurel & Prom are applying for US licenses to export Venezuelan oil, according to sources.
A US energy official stated the US is receiving a price for Venezuelan oil that is 30% higher than what Venezuela obtained weeks ago.
Venezuela has proposed an oil sector reform aimed at attracting foreign investment.