Chevron's (CVX) January export of Venezuelan crude oil has reportedly more than doubled to 220k BPD from 99k BPD in December

Chevron's significant increase in Venezuelan crude oil exports could indicate a potential easing of sanctions or improved relations, which would be bullish for global oil supply.

Newsquawk StaffPublished 2 Feb 2026, 13:47 UTCOn the live feed at 13:27 UTC — 5 more headlines followed before this page went public

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13:29

BMW (BMW GY) and ZF are reportedly to sign a long term drive systems supply agreement in the several billion EUR range

13:28

FedEx (FDX) says effective February 16th, demand surcharge is to be discontinued until further notice, except for shipments destined to Israel

13:27

Chevron's (CVX) January export of Venezuelan crude oil has reportedly more than doubled to 220k BPD from 99k BPD in December

13:15

Italy's Tesoro is set to sell a new 15 year BTP bond via syndication

13:12

EU is said to be considering a ban on imports of Russian copper and platinum under the new sanctions

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Context

This surge in exports may place downward pressure on oil prices if sustained, affecting market dynamics in both WTI and Brent. Investors should watch for reactions in oil-linked equities and related commodities as the situation develops.

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