Reported about 6 hours ago
Venezuela's oil exports in February reached their highest level since November, ahead of the imminent termination of Chevron's operating license by the U.S. government due to election-related concerns. The increase in exports, primarily to China and the U.S., highlights the reliance of President Maduro’s administration on oil revenues amid escalating sanctions. The U.S. Treasury has ordered a month-long wind-down of Chevron's activities in Venezuela, which has led analysts to predict a shift in export patterns toward less conventional intermediaries.
Source: YAHOO