Post #1968

📰NEWS | Venezuela: Oil Output Contracts as Foreign Partners Lobby for License Extensions OPEC reported Venezuela’s April oil production at 888,000 bpd (a 34,000 bpd drop from March) while exports fell 20%, largely due to canceled Chevron cargoes. The U.S. oil giant, alongside other firms, faces a May 27 deadline to exit Venezuela unless license extensions are granted. Chevron has urged Washington to modify its sanctions waiver, warning that a withdrawal could strengthen China’s role in the country’s energy sector. Venezuela has begun rerouting shipments to China and reiterated its call for foreign investment. 🔗 Read the full article here: https://shorturl.at/BTdhJ #PDVSA#Sanctions