Chevron Defies Sanctions, Boosts Venezuela Oil Output

Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Tuesdays

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Chevron defies political turmoil, reaffirming commitment to Venezuelas oil industry. Despite sanctions, nationalized assets, and political instability, Chevron, with a century-long presence, is reviving Venezuelas oil sector. Analysts predict a 10% output boost, while Venezuela aims for 1.2 million barrels daily, despite U.S. pressure. With 300 billion barrels in reserves, Venezuela remains a lucrative prize.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.