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PDVSA Freezes Chevron Venezuela Shipments as US Ups Ante

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Venezuela’s PDVSA has reportedly ordered Chevron to return two cargoes of exported crude and has canceled other loadings as Caracas withdraws the US major’s export authorization in response to ratcheting pressure from US President Donald Trump.

Topics:
Sanctions, Oil Trade, Opec/Opec-Plus, Opec-Plus Supply, Majors, NOCs
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