CARACAS (Reuters) -Venezuela's oil minister and top representatives of state-run company PDVSA on Friday signed contracts with U.S. oil firm Chevron Corp intended to help revive the nation's oil output and expand operations. The United States last week granted Chevron a six-month license authorizing it to take a broader role in existing projects in U.S.-sanctioned Venezuela, a move to encourage political talks between the government of President Nicolas Maduro and the country's opposition towards elections.
Warren Buffett's Berkshire Hathaway has arguably become the most closely watched stock portfolio. Investors look forward to the quarterly 13F filings with the SEC and track his team's purchases and sales over the previous quarter. This has become especially true for Berkshire's three largest holdings -- Apple (NASDAQ: AAPL), Bank of America (BofA) (NYSE: BAC), and Chevron (NYSE: CVX).
U.S. oil refiners that once were regular buyers of Venezuelan crude are jockeying to win access to coming cargoes chartered by Chevron Corp under a newly issued U.S. license, two people familiar with the matter said. The Biden administration last week authorized Chevron to expand operations in Venezuela and resume taking prized heavy crude to the United States. It was first easing in more than three years of a U.S. ban on imports from the South American nation.