Post by Francisco J. Monaldi

… entirely of proceeds from crude oil, according to a US State Department report.\nThe account received about $12.3 billion from 20 approved depositors, while $168.6 million remained in custody as of Sept. 30 for future authorized disbursements, according to the report published Thursday. The US took custody of the revenue in January to shield Venezuelan oil proceeds from the country’s creditors.\nTrafigura was the largest depositor, with $4.1b from trading of oil, gold and minerals over the period. Vitol deposited $3.44b from oil trading, according to data compiled by Bloomberg.\nhttps://www.state.gov/wp-content/uploads/2026/11/Report-on-Venezuela-Custody-Account-Operations-January-September-2026.pdf","raw_text":{"text":"US-Held Venezuela Oil Sales Fund Paid Out $12.1 Billion\nBy Bloomberg News\n(Bloomberg) -- Venezuela’s US-controlled custody account disbursed $12.1 billion between January and September, with the funds made up almost entirely of proceeds from crude oil, according to a US State Department report.\nThe account received about $12.3 billion from 20 approved depositors, while $168.6 million remained in custody as of Sept. 30 for future authorized disbursements, according to the report published Thursday. The US took custody of the revenue in January to shield Venezuelan oil proceeds from the country’s creditors.\nTrafigura was the largest depositor, with $4.1b from trading of oil, gold and minerals over the period. Vitol deposited $3.44b from oil trading, according to data compiled by Bloomberg.\nhttps://t.co/YXBEwZxpGB","display_text_range":[0,822],"facets":[{"type":"url","indices":[799,822],"original":"https://t.co/YXBEwZxpGB","replacement":"https://www.state.gov/wp-content/uploads/2026/11/Report-on-Venezuela-Custody-Account-Operations-January-September-2026.pdf","display":"state.gov/wp-content/upl…"}]},"author":{"screen_name":"fmonaldi","url":"https://x.com/fmonaldi","id":"173498782","followers":47877,"following":4558,"likes":13047,"media_count":1547,"name":"Francisco J. Monaldi","description":"Director, Latin America Energy Program & Wallace S. Wilson Fellow @CES_Baker_Inst @BakerInstitute @RiceUniversity | International Faculty @IESA | 🇻🇪 🇦🇷 🇮🇹","raw_description":{"text":"Director, Latin America Energy Program & Wallace S. Wilson Fellow @CES_Baker_Inst @BakerInstitute @RiceUniversity | International Faculty @IESA | 🇻🇪 🇦🇷 🇮🇹","facets":[]},"location":"Houston, TX","banner_url":"https://pbs.twimg.com/profile_banners/173498782/1579754763","avatar_url":"https://pbs.twimg.com/profile_images/1799093077967024128/VsFAQaEb_200x200.jpg","joined":"Sun Aug 01 16:52:34 +0000 2010","protected":false,"website":{"url":"http://bakerinstitute.org/experts/francisco-j-monaldi/","display_url":"bakerinstitute.org/experts/franci…"},"verification":{"verified":true,"verified_at":null,"type":"individual"},"avatar_color":null},"replies":1,"retweets":5,"likes":10,"bookmarks":4,"quotes":1,"created_at":"Thu Nov 12 23:09:38 +0000 2026","created_timestamp":1794524978,"views":1606,"is_note_tweet":true,"community_note":null,"lang":"en","replying_to":null,"replying_to_status":null,"twitter_card":"tweet","color":null,"provider":"twitter","reposted_by":null}}