Tuesday, March 5, 2024
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Chevron Skeptical About Scope For Venezuelan Oil Growth: Report

Chevron Corporation (NYSE: CVX) reportedly perceives a constrained path ahead for Venezuela's oil production expansion, even as the country received a reprieve from U.S. sanctions.

The reprieve was part of a broader initiative by the U.S. to lighten sanctions on the Venezuelan oil industry following a political accord in the run-up to the elections in 2024, reported Reuters.

A newly granted general license from the U.S. Treasury Department ...

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