Market
U.S. stops buying Venezuelan oil by June 30, 2025?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the U.S. government or trade data from the U.S. Energy Information Administration
Story
Trump Announces U.S. Will Likely Stop Buying 222,000 Barrels of Oil Daily From Venezuela, Its Second-Largest Market
Jan 21, 2025, 01:13 AM
President Donald Trump has announced that the United States will likely cease purchasing oil from Venezuela. This statement was made shortly after his inauguration, indicating a potential shift in U.S. policy towards Venezuela. Trump emphasized that the U.S. does not need Venezuelan oil, suggesting that this move could have a substantial impact on Venezuela. The decision comes in the context of ongoing scrutiny of Venezuela, with Trump describing the country as a 'disaster' compared to its state 20 years ago. In 2024, Venezuela exported approximately 222,000 barrels of oil per day to the U.S., making it the second-largest market for Venezuelan oil exports after China.
View original story
Similar markets
Maintain current sanctions • 25%
Other • 25%
Ease sanctions • 25%
Increase sanctions • 25%