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Midday Crude Oil Analysis: How does the market react to the USA extending the license for importing Venezuelan Crude Oil Product?
The USA has extended the import license, bringing new variables to the Venezuelan Crude Oil Product market.
Trump has unleashed a new weapon of "secondary tariffs", a complex chess game under the big stick of tariffs.
Trump's "Economic Weapon" has added a fierce move, and this "Energy Strangulation War" against Venezuela actually hides three layers of calculations.
Occidental Petroleum (OXY) Stock Sinks As Market Gains: What You Should Know
Trump claims he will impose "secondary tariffs" targeting buyers of Venezuelan oil.
① Trump announced that the USA will impose "secondary sanctions" on Venezuela, and any country purchasing oil or Henry Hub Natural Gas from Venezuela will be forced to pay a 25% tariff to the USA; ② The USA is one of the destinations for Venezuela's energy, with Venezuela's Crude Oil Product export volume in 2024 estimated at approximately 0.66 million barrels per day, of which the USA's import volume is around 0.233 million barrels per day.
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