Market Flux Event
Trump to Visit Texas Tanker Carrying 1 Million Barrels of Venezuelan Oil, With Rubio in Tow
Read this in the Market Flux appPresident Trump announced on October 27 that the United States will accept 1 million barrels of oil from Venezuela, describing the shipment as a gift following what he called a successful U.S. takeover of the country. Trump said he plans to visit the tanker in Texas and expects Secretary of State Marco Rubio to accompany him, a visit confirmed by a senior White House official.
A White House energy official said the Venezuelan oil shipment "proves Trump right," framing the delivery as a vindication of the administration's Venezuela policy. The 1 million barrel tanker is the first tangible delivery in what Trump had earlier indicated would be a broader arrangement, with the president previously stating Venezuela would turn over between 30 million and 50 million barrels of oil to the United States to be sold at market value.
© AI-generated summary is provided by Market Flux
Sources
- ThehillLive updates: Trump heads to Texas for a rally doubleheader
- KalshiJUST IN: White House energy official says Venezuelan oil shipment to Texas "proves Trump right"
- FinancialjuiceTrump: We're going to accept 1m barrels of Venezuelan oil
- DeItaoneTRUMP: BELIEVE I WILL VISIT TANKER IN TEXAS WITH VENEZUELA OIL TRUMP: THINK RUBIO WILL BE WITH ME
- Osint613Trump: "We took over Venezuela very successfully, and they've sent me as a gift a boatload of a million barrels of oil"
- Cablefxmacro🛢️🇺🇸🇻🇪 Trump Plans Texas Visit to Tanker Loaded With Venezuelan Oil: Rtrs
- FirstSquawkUS PRESIDENT TRUMP: BELIEVES HE WILL VISIT TANKER IN TEXAS CARRYING VENEZUELA OIL, THINKS RUBIO WILL BE WITH HIM
- BullTheoryioBREAKING: 🇺🇸 The First Lady of the US, Melania Trump says ceasefire between Ukraine and Russia has taken effect from today.
Show 12 more
- ZerohedgeIran War Pushes Trump's Average Gasoline Prices Above Biden's
- StaunovoPresident Donald Trump and Secretary of State Marco Rubio plan to greet an oil tanker arriving in Texas from Venezuela on Tuesday, a bid to showcase supply from the Latin American country a week before US midterm elections #oott
- PiQMarketsTrump to visit Texas tanker with first Venezuelan oil shipment President Donald Trump said Tuesday he will visit a tanker in Texas carrying one million barrels of Venezuelan oil, the first shipment under a deal granting the US access to reserves after the capture of Nicolas Maduro. The oil is provided at no cost to taxpayers.
- BenzingaA new report from Democratic lawmakers estimates President Donald Trump’s oil and gas holdings are worth between $22.5 million and $81.6 million, prompting criticism from California Gov. Gavin Newsom. The report said Trump’s energy holdings increased by an average of 43% since the end of last year. Trump reportedly bought between $4.7 million and $17.5 million of oil and gas stocks from March through August, while selling between $2 million and $5.4 million during the same period. His largest reported positions include up to $23.1 million in Chevron ($CVX) and as much as $18.4 million in ExxonMobil ($XOM). Newsom cited the report in criticizing Trump, saying the president’s oil investments have gained significantly while Americans face elevated fuel costs. Newsom’s press office went further, accusing Trump of being aligned with “Big Oil” and arguing that consumers are paying more while his energy holdings appreciate. Those comments reflect Newsom’s political criticism of the president. The report follows earlier criticism from Sen. Elizabeth Warren, who had also raised concerns about Trump’s exposure to oil companies during the Iran conflict. Trump has separately highlighted strong profits across the oil industry, while critics have pointed to higher gasoline and diesel prices. AAA figures cited in the report put the national average for gasoline at about $4.29 per gallon and diesel at roughly $6.35. Both Exxon and Chevron shares have risen more than 20% since the Iran conflict began, increasing the value of energy-related holdings for investors exposed to the sector.
- PolymarketBREAKING: James Talarico surges in odds of winning the Texas Senate race as Trump rallies for Ken Paxton in the state, one week from Election Day. 65% chance. 🔗
- ReutersAny attempts to exclude Russia from the gas market will raise costs for consumers, said Russian President Vladimir Putin adding that Russia and the United States are exploring the possibility of cooperation in the Arctic
- ReutersBizAny attempts to exclude Russia from the gas market will raise costs for consumers, said Russian President Vladimir Putin adding that Russia and the United States are exploring the possibility of cooperation in the Arctic
- Investingcom*US ENERGY SECRETARY WRIGHT SAYS SUSPENSION OF SANCTIONS ON RUSSIA IS TEMPORARY *WRIGHT: RUSSIA CANNOT EXPORT DIESEL RIGHT NOW *WRIGHT: FLOW OF REFINED PRODUCTS FROM HORMUZ STRAIT INCREASED
- Financial TimesWashington discusses Russian deals for US oil majors in Ukraine peace talks
- LiveSquawkWashington Discusses Russian Deals For US Oil Majors In Ukraine Peace Talks – @FT
- BusinessPresident Donald Trump and Secretary of State Marco Rubio plan to greet an oil tanker arriving in Texas from Venezuela on Tuesday, a bid to showcase supply from the Latin American country a week before US midterm elections
- SpectatorindexBREAKING: Trump says Venezuela could become the '51st state'