Market
Venezuela secures new major oil buyer by end of 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Reports from Venezuelan government or international trade data
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
Other • 25%
Russia • 25%
China • 25%
United States • 25%
Yes • 50%
No • 50%
United States • 25%
United Kingdom • 25%
European Union • 25%
None by end of 2025 • 25%
Other • 25%
Nigeria • 25%
United States • 25%
Saudi Arabia • 25%
Alliance with China • 25%
Alliance with Iran • 25%
No new alliances • 25%
Alliance with Russia • 25%
India becomes the largest buyer • 25%
China remains the largest buyer • 25%
European countries become major buyers • 25%
Other countries become major buyers • 25%
Sanctions increased • 25%
Sanctions unchanged • 25%
PDVSA ceases operations • 25%
Sanctions lifted • 25%