Washington Prepares Broad License to Restart Venezuelan Oil Production
Market Intelligence Analysis
AI-PoweredThe 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 analysis based on bullish sentiment with 90% confidence.
Article Context
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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