Wall Street Skeptical That Restored Venezuelan Oil Will Lower Global Prices

Investment firms caution that Caracas faces a multi-year timeline to rebuild production capacity, even with political stability, while Chevron announces increased investments in the sector.

3 Sept, 09:24 — 3 Sept, 09:24

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EL PAISMostly Factual14h ago

Investment banks cool Trump’s optimism: Venezuelan oil will not lower prices

Caracas will take years to restore output, even if a political agreement holds steady. Meanwhile, Chevron announced it will increase investments in the country

By Carlos Méndez

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Wall Street Skeptical That Restored Venezuelan Oil Will Lower Global Prices

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Investment banks cool Trump’s optimism: Venezuelan oil will not lower prices

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