SCHD Schwab US Dividend Equity ETF
- 28.170
- +0.020+0.07%
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Trump Shuts Down Chevron's Venezuela Oil Permit, Tightening Pressure On Maduro Regime: Crude Oil Prices Rise On Supply Concerns
Trump retracted Biden's "license" for Venezuelan oil! Oil prices are recovering from the lows.
① Trump announced on Wednesday, February 26, the cancellation of the oil "Charter Agreement" with Venezuela, which previously allowed the USA to partially restore oil exploration and export in Venezuela; ② Chevron is the only company to have obtained a concession from Venezuela's state oil company, and the revocation of this concession means Chevron can no longer export the Crude Oil Product produced in Venezuela; ③ This move also strikes a blow to Venezuela's oil industry, with local oil production expected to decline.
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