U.S. Expected To Ramp Up Oil Output From VENEZUELA

  • Chevron Corp. could win U.S. approval to vastly expand operations in Venezuela as soon as Saturday.
  • Both Venezuelan parties and U.S. officials are pushing to hold talks in Mexico City this weekend.
  • The United States this year has kept oil prices from soaring by releasing more than 200 million barrels of the nation’s emergency oil reserves. But those releases are due to end soon.
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