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U.S. Begins Selling Venezuelan Crude as Russia Lifts Airport Curbs and Issues Drone Alerts

Energy officials say major U.S. oil companies have offered support, with sanctions relief under consideration.

Overview

  • The U.S. Department of Energy said it has started marketing Venezuelan crude on global markets, engaging leading commodity traders and banks to handle sales and financing.
  • Energy Secretary Chris Wright said Chevron, ConocoPhillips and ExxonMobil offered to assist with expertise and information, while media reports indicate Washington is planning to ease some restrictions and may seek to buy over 50 million barrels.
  • New York Times reported that Washington is pressing Venezuela’s interim leadership to expel official advisers from Russia, China, Iran and Cuba, as Caracas pursues regional and international responses to the U.S. operation.
  • Rosaviatsia removed short-term flight limits at airports including Vladikavkaz, Grozny, Magas and Gelendzhik after earlier bans, while governors declared a ‘drone danger’ regime across Penza and Stavropol with temporary mobile internet curbs.
  • Ukraine reported Russian strikes on Odesa-region ports that damaged infrastructure and caused casualties, explosions were heard in Zaporizhzhia, and a Ukrainian drone damaged the Chonhar bridge in Kherson region without halting traffic.