Washington Prepares Broad License to Restart Venezuelan Oil Production

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Why This Matters

The US is preparing to issue a broad license allowing companies to restart Venezuelan oil production, potentially boosting the country's oil sector after years of inactivity.

Market Impact

Market impact analysis based on bullish sentiment with 90% confidence.

Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term

Article Context

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Washington is preparing to take another step deeper into Venezuela’s oil sector, with plans to issue a broad license that would allow companies to pump crude in the country for the first time in years. According to people familiar with the matter who spoke to Bloomberg, the U.S. Treasury could issue the general license as soon as this week. If it happens, it would follow last week’s authorization allowing companies to buy, sell, ship, and refine Venezuelan crude—provided the activity runs through established U.S.-linked entities.…

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Original article published by OilPrice.com on February 4, 2026.
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