The Trump administration is allowing China to purchase Venezuelan oil but not at “unfair, undercut” prices at which Caracas sold the crude before the US removed President Nicolas Maduro, a US official said on Thursday.
While the oil will be sold in the global marketplace, the administration has required that the majority be sold to the United States, the administration official said on condition of anonymity.
The US says it will control Venezuela’s oil sales indefinitely after seizing Maduro...
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