Venezuelan Oil Sales to Continue Indefinitely as US Eases Sanctions

The United States is set to purchase over 50 million barrels of oil from Venezuela as it plans to continue oil sales indefinitely, with sanctions being reduced, according to a report by CNBC. However, Reuters was unable to independently verify this information.

In a significant move reported by CNBC, the United States will indefinitely continue purchasing oil from Venezuela, with plans to buy more than 50 million barrels.

This ongoing acquisition signals a reduction in sanctions, marking a potential shift in diplomatic and trade relations between the two nations.

Despite the implications, Reuters has stated that it could not independently verify the details of this report, leaving room for further developments.

(With inputs from agencies.)