Chevron's Venezuelan output has climbed back to 280,000 barrels a day under a US Treasury licensing framework, drawing praise from Donald Trump and clearing the way for BP, Eni, Shell and Repsol to resume operations.

Chevron's Venezuelan output has climbed back to 280,000 barrels a day under a US Treasury licensing framework, drawing praise from Donald Trump and clearing the way for BP, Eni,…

Chevron has raised Venezuelan output to about 280,000 bpd under a US license as BP, Eni, Shell and Repsol follow and Trump credits his administration.