Brent Supply Boost as Venezuela Ships Two 1.8M-Barrel Cargoes and U.S. Output Drops

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Venezuela restarted crude exports as two supertankers carrying 1.8 million barrels each departed under U.S. policy changes, potentially marking the first shipments of a proposed 50-million-barrel supply pact. The EIA forecasts U.S. oil output will fall 1% this year, while Venezuela’s resumed exports could bolster Brent supplies.

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