WSJ: U.S. Plans to Ease Venezuela Sanctions, Enabling Chevron to Pump Oil

[forex4you]

WSJ: U.S. Plans to Ease Venezuela Sanctions, Enabling Chevron to Pump Oil

<p>Wall Street Journal with the report, citing "multiple people familiar with the proposal":</p><ul><li>The Biden administration is preparing to scale down sanctions on Venezuela's authoritarian regime to allow Chevron Corp. to resume pumping oil there</li><li>paving the way for a potential reopening of U.S. and European markets to oil exports from Venezuela</li></ul><p><a href="https://www.wsj.com/articles/u-s-plans-to-ease-venezuela-sanctions-enabling-chevron-to-pump-oil-11665005719" target="_blank" rel="nofollow">More details here at the link </a>(may be gated).</p><p>WSJ add that:</p><ul><li>U.S. officials cautioned that the deal could fall through, since it is contingent on Mr. Maduro's top aides resuming talks with the opposition in good faith.</li></ul><p>The report comes in the wake of OPEC+ cutting output:</p><ul><li><a href="https://www.forexlive.com/news/forexlive-americas-fx-news-wrap-opec-makes-a-big-cut-ism-services-beats-estimate-20221005/" target="_blank" data-article-link="true">Forexlive Americas FX news wrap: OPEC makes a big cut, ISM services beats estimate</a></li></ul><p>Which leaves the US seeking new supplies. </p>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: WSJ: U.S. Plans to Ease Venezuela Sanctions, Enabling Chevron to Pump Oil

forexlive.com