Chevron and Venezuela sign Orinoco Belt oil deal
Chevron and the Venezuelan government signed an oil deal, a bonus venture deal in the Orinoco Belt.
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CVX extends gains as Chevron nears Venezuela Orinoco Belt deal
Chevron (CVX) closed up more than 2% Tuesday and continued higher overnight on reports it is nearing a deal for two giant oil fields in Venezuela’s Orinoco Belt to expand operations.
Venezuela reportedly weighs exit from OPEC amid U.S. oil talks
Venezuela is reportedly discussing a possible exit from OPEC with U.S. officials, but no final decision has been reached, Bloomberg reported. Axios separately reported Trump administration talks with Caracas over stakes in a dozen oil fields.