Venezuela’s Oil Flow to the U.S. 1/7/26

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 7 January 2026

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

CNBC’s Eamon Javers and Brian Sullivan report on the flow of Venezuelan oil to the United States. Venezuela will give the U.S. sanctioned oil indefinitely, that oil will be sold to American oil companies, and the proceeds will be held in American banks until the President determines it can be returned to Venezuela. The other geopolitical headline today: the future of Greenland. While the State Department and President Trump have issued slightly different statements on the prospect of acquiring the country from Denmark, questions about implications for NATO remain. Plus, after MSNow Senior Political and National reporter Jacob Soboroff covered the LA fires last year, he wrote “Firestorm: The Great Los Angeles Fires and America’s New Age of Disaster.” He shares details of the devastation, the road to rebuilding LA, and his personal stake in the community that was impacted. Eamon Javers - 2:55 Brian Sullivan - 13:51 Jacob Soboroff - 29:19 In this episode: Eamon Javers, @eamonjavers Brian Sullivan, @SullyCNBC Jacob Soboroff, @jacobsoboroff Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music, please.
0:04.3	This is SquawkPod, and I'm CNBC producer Cameron Costa.
0:08.7	On today's episode, unpacking the flow of Venezuelan oil to the United States.
0:15.1	We start at President Trump's announcement last night of 30 to 50 million barrels of Venezuelan oil with CNBC's
0:22.6	Amon Javers.
0:23.6	What is this a payment for?
0:25.6	Did the United States agree to anything on its side in exchange for this oil?
0:30.6	And then we follow with news from CNBC's Brian Sullivan, who shares new comments from his White House sources.
0:38.3	That's sort of implied maybe a one-time assumption of that Venezuelan oil.
0:43.3	What I am reporting right now from the White House is that that will be a continued source of Venezuelan oil.
0:51.3	So Venezuela will give oil to the United States government, who will then sell it to U.S. oil companies.
0:58.0	This is oil that would have normally been rerouted to say a China.
1:02.0	This is previously sanctioned oil.
1:04.0	Proceeds from the sales of Venezuelan oil, well, those will return to Venezuela at the president's discretion.
1:12.0	That big news, plus it has been one year since the devastating L.A. fires.
1:17.6	MS. Now senior political and national reporter Jacob Soberoff covered the disaster then,
1:22.9	and now he's written a book about it.
1:25.4	How do you watch your childhood neighborhood carbonize in front of your own eyeballs as you are covering it live on national television?
1:32.9	It's Wednesday, January 7th, 2026, and SquawkPod begins right now.
1:39.7	Stand Becky by in three, two, one.
1:42.6	Cure, please.
1:44.5	Good morning, everybody.
	...

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