Win My Beach House or £250,000 in Cash -
https://raffall.com/406639/enter-raffle-to-win-350k-beach-house-westward-ho-uk-or-250k-cash-hosted-by-joe-blogs
If you would like to support the Channel:
https://www.buymeacoffee.com/JoeBlogs
https://www.patreon.com/joeblogsYT
YouTube Membership -
https://www.youtube.com/channel/UCjniKviAJH0mENoLStpQXmQ/join
YouTube Super Thanks (click below)
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 Venezuela’s 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.
We’ll look at:
What the 50 million barrels mean for China’s oil bill
How much China was saving — and what it loses now
The revenue hit Russia faces from falling oil prices
Why Venezuela’s return sidelines Russian oil exports
And how this reshapes global energy power
This isn’t just about oil — it’s about who still matters in the global energy market, and who’s being pushed aside.
Thanks for watching and please LIKE and SUBSCRIBE.
Chapters:
0:00 Intro
0:28 TRUMP
2:04 OIL IMPORTS
4:16 USA STOCKS
7:29 CHINA
10:41 RUSSIA
#venezuela
#russia
#china
#maduro
#usa
#donaldtrump
#essequibo
#chávez
#collapse
#guyana
#dollarization
#china
#russia
#dutchdisease 
Comments (0)