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152 days

Trump open to extending Chevron's license to produce oil in Venezuela, WSJ reports

1. Trump may extend Chevron's license to pump oil in Venezuela. 2. Biden's previous decision allowed Chevron to restart production in Venezuela. 3. Financial penalties on nations dealing with Venezuela are being considered. 4. Chevron holds stakes in multiple oil projects within Venezuela. 5. Energy Secretary declines to specify discussions with Chevron executives.

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FAQ

Why Bullish?

Extending Chevron's license may lead to increased oil production, benefiting BNO's aspirations.

How important is it?

The potential for increased oil production directly influences oil prices, impacting BNO's market position.

Why Short Term?

Immediate effects on oil supplies could positively influence BNO’s price in the near future.

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