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Venezuela reopens oil wells and resumes crude exports following Trump administration policy changes

On HALO

3 weeks ago

President Donald Trump’s Venezuela policy showed signs of taking effect this week as the country reopened oil wells closed under a U.S. embargo and restarted crude exports, according to Reuters.Two supertankers departed Venezuelan waters late Monday carrying about 1.8 million barrels of crude each, moves that may mark the first shipments under a proposed 50-million-barrel supply deal between Caracas and Washington, according to the report.The vessels were heading north toward the Caribbean on Tuesday, LSEG ship-tracking data showed, per the outlet, where oil traders, producers and refiners lea...