Venezuela oil fetching 30% higher price, U.S. energy chief says, after first sale worth $500 million
Bogdan Hofbauer
The U.S. is securing about 30% higher prices for Venezuelan crude, Energy Secretary Chris Wright said Thursday, as the country has started selling oil from the Latin American nation after capturing its former President Nicolas Maduro. Washington has completed its first sale of Venezuelan oil valued at about $500 million, according to a U.S. Department of Energy spokesperson, with more expected in the coming days and weeks. "We're getting about a 30% higher realized price when we sell the same
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