cnbc_topnews

Trump says U.S. has sold more than $13 billion of Venezuela oil since Maduro's capture

📰 source: cnbc_topnews · 💼 business

president trump said the u.s. has collected more than $13 billion from selling venezuelan crude oil since capturing former president nicolás maduro on january 3. trump made the comment while traveling to michigan, adding he thinks the figure is even higher. the u.s. seized control of venezuela's oil exports after the raid. the money is used to run venezuela, paying government workers' salaries and buying supplies for the oil industry. energy secretary chris wright said around 150 million barrels have been sold. the funds are held in a citibank account and audited by kpmg, according to secretary of state marco rubio. initially $500 million went to a qatar account controlled by the u.s., later moved to a treasury account. state department official michael kozak said about $3 billion has been disbursed. rubio authorizes disbursements under a trump executive order.

why it matters: ongoing oil sales provide significant revenue for venezuela's government under u.s. custodianship, raising questions about oversight and use of funds.

source: cnbc_topnews
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Top Wall Street analysts like these 3 stocks for their solid growth potential

How a small Israeli startup was linked to rogue AI hacks at OpenAI, Anthropic and Meta

Andy Burnham to tour Britain in effort to reconnect government with public

‘Like being in prison’: the ship crews stuck in Gulf since February