Energy

U.S. oil giant Chevron confirms it will expand operations in Venezuela - NBC News

Source: NBC News

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DW NOTE

Chevron is expanding in a country the US officially sanctioned for nearly two decades. The Venezuela pivot is not about principle — it's about the Strait of Hormuz still being closed and WTI at $91. When oil supply drops 10% in a month, sanctions become suggestions.

Read the full story at NBC News →

Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u

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U.S. oil giant Chevron confirms it will expand operations in Venezuela - NBC News

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