The window for more Venezuelan crude oil on the market opened further after the U.S. government issued a general license for work in the South American country’s delipidated energy sector.
A general license runs counter to earlier plans floated by U.S. President Donald Trump to grant individual concessions to companies looking to get involved in the Venezuelan oil sector. Trump hosted executives from major oil companies early last month to discuss the potential for reconstruction, though ExxonMobil and TotalEnergies both expressed reservations.
Source link
