Reuters
02 Sept 2026, 02:04 UTC · 2h ago
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U.S. Energy Secretary Chris Wright expects new deals in Caracas to more than double crude production in the next few years. — A significant increase in global crude supply typically puts downward pressure on oil prices.
-0.60Oil companies from the U.S. and other countries are expected to sign production deals in Venezuela. — This indicates a thawing of geopolitical tensions and opens new operational opportunities for international oil majors.
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