CNA Venezuela power play: Washington, Caracas reach deal to have US$2b worth of crude oil sent to US

Global oil prices tracking lower as China denounced the US as a bully, after the White House said it had persuaded Venezuela to divert supplies from Beijing and import up to US$2 billion worth of embargoed crude. Janiv Shah, Vice President of Commodity Markets at Rystad Energy, explains the wider impact of US intervention in Venezuela, on global oil markets.

Watch the full video on YouTube