Venezuela-US Oil Deal Operational, Pdvsa Targets 1.3M bpd by Year-End

Pdvsa president Héctor Obregón confirms the oil agreement with the US is active and operational, a notable development given prior sanctions. He projects production reaching 1.3 million barrels per day by year-end, a 60,000 bpd increase from current levels. The claim is unverified and may signal a shift in US-Venezuela energy relations, with implications for global supply.