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2 months ago

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

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...

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2 months ago
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