SITUATION REPORT

U.S., Venezuela: Venezuela Will Struggle To Boost Oil Production Quickly, Even With More U.S. Licenses

Mar 18, 2026 | 16:42 GMT

In the coming days, the U.S. Treasury reportedly plans to issue additional licenses to specific companies to operate in Venezuela's oil sector, in an attempt to boost production and offset crude price increases stemming from the war in Iran, Bloomberg reported on March 17....

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