Russia & China Cut Off - Joe Blogs
The United States has announced that 50 million barrels of Venezuelan oil are being moved directly to the U.S. and this could be a major blow for China and Russia.
In this video, I explain why this decision effectively cuts China and Russia out of the Venezuelan oil supply chain, and why the consequences could run into billions of dollars.
China had been taking most of Venezuelas oil, often at heavy discounts due to sanctions and limited buyers. With those barrels now redirected, China is forced back into global markets paying higher prices, losing supply security, and facing significantly higher annual energy costs.
For Russia, the impact is more strategic. As Venezuelan oil re-enters the global system, Russia becomes less necessary. Extra supply puts downward pressure on oil prices, cutting Russian export revenues just as sanctions are already biting. On top of that, Russia risks losing long-standing oil partnerships, influence, and future access in Venezuela itself.
Well look at:
What the 50 million barrels mean for Chinas oil bill
How much China was saving and what it loses now
The revenue hit Russia faces from falling oil prices
Why Venezuelas return sidelines Russian oil exports
And how this reshapes global energy power
This isnt just about oil its about who still matters in the global energy market, and whos being pushed aside.
Chapters:
0:00 Intro
0:28 TRUMP
2:04 OIL IMPORTS
4:16 USA STOCKS
7:29 CHINA
10:41 RUSSIA