Chevron is ready to trade Venezuelan oil in place of Russian oil if US eases sanctions

[Yo_Mama_Been_Loggin]

Chevron is prepared to trade Venezuelan oil in place of banned Russian oil imports if the US eases its sanctions on Caracas, Reuters reported.

The release of more Venezuelan oil would help offset oil losses in wake of the Russia ban, put in place on March 8 over its invasion of Ukraine. However, the move is dependent on fraught political talks with the South American nation.

Still, sources told Reuters that Chevron has been preparing to expand its four ventures with Venezuela's national oil company PDVSA.

It has assembled a trading team to market oil from the South American nation, asked the US government for a license to have greater control over the ventures, and is starting to arrange Venezuelan visas for its employees from Aruba, Reuters reported.

https://www.msn.com/en-us/money/markets/chevron-is-ready-to-trade-venezuelan-oil-in-place-of-russian-oil-if-us-eases-sanctions-on-south-american-nation-a-report-says/ar-AAV55kA

[Igel]

1. Truly sad.

Working with Maduro to undermine his BFF Putin.

With it's 0.56 million barrels/day to offset's Russia's 3 million barrels/day.

Well, we did work with Stalin against Hitler.