Treasury easing Venezuela oil sanctions in bid to boost global supply
Source: The Hill News · Bias: Center
Summary
The Treasury Department on Wednesday eased sanctions on some Venezuelan oil companies in an apparent bid to help global oil supply amid a deepening economic crisis due to the escalating conflict with Iran. The issued license authorizes Petróleos de Venezuela, S.A. (PdVSA) and any entity it holds majority ownership in to sell Venezuelan oil…
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