Equinor Won’t Return To Venezuela, Undercutting Fast Plans To Revive Oil Output

Key Points Equinor’s CEO says a Venezuela comeback is not on the table, despite Washington’s push to raise output. Venezuela’s heavy crude and damaged infrastructure make quick production gains unlikely without massive, sustained investment. The debate matters for U.S. refiners and global supply expectations, but timelines look longer than politics suggests. Equinor, Norway’s state-backed energy […]