What Chevron’s Return to Venezuela Means for the Oil Market

The Trump administration’s decision to ease sanctions on Venezuela’s oil sector by granting Chevron a specific OFAC license to expand operations represents a cautious recalibration of US policy. Unlike past general licenses, this narrower authorization signals a more tailored approach that could eventually open pathways for other companies such as Eni, Repsol, or Reliance. At the same time, the White House is pursuing a dual strategy: loosening restrictions on oil flows while intensifying pressure on Venezuela’s President Nicolás…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com