Chevron, Wall Street, and Venezuela Sanctions

https://oilprice.com/Latest-Energy-News/World-News/Chevron-Getting-Ready-For-New-Oil-Drilling-In-Venezuela.html

https://english.elpais.com/international/2023-11-23/us-offers-life-support-to-venezuelas-economy.html

https://www.reuters.com/business/energy/chevron-shipping-fuels-venezuelas-pdvsa-expansion-oil-swap-2023-11-16/

One is left wondering if the decision by the White House to slack up a little on Venezuela sanctions is about foreign policy strategy or simply to help out Chevron – and thus the markets. It's probably a bit of both.