Tag Page Venezuela

Chevron's Venezuela Exit: What It Means for You

Chevron just pulled the plug on its oil deals in Venezuela, but they're keeping their people on the ground. Why? U.S. rules got stricter, so no more oil shipments, but Chevron wants to hang onto its local assets just in case things change. For everyday folks, this could mean higher gas prices down the road, since Venezuela's oil output is expected to drop. So, maybe don't buy that gas-guzzler just yet! #Chevron #Venezuela #OilMarket #Business