A lifting of U.S. sanctions on Venezuelan oil would lead to more oil on the global markets but mark the start of a “long journey” for the South American country’s efforts to boost production, economists at Capital Economics said on Monday.
The Biden administration and the government of Venezuelan President Nicolás Maduro have agreed to a deal under which the U.S. would ease sanctions on Venezuela’s oil industry, according to a report Monday by the Washington Post, which cited two people familiar with the talks. Venezuela,…
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