Chevron Doubles Down on Venezuelan Oil Production

Chevron, one of the world's largest oil companies, is planning to double its oil production in Venezuela.

The move is part of a deal between Chevron and the Venezuelan government to increase oil output at the Orinoco belt, which is home to the country's largest oil reserves.

No specific timeline was given for when this increased production would occur or what levels it would reach. However, experts believe that the agreement could help boost Venezuela's economy, which has been struggling due to US sanctions and a severe economic crisis.