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Several independent US oil producers are expected to sign production contracts with Venezuela’s state-run PDVSA on Tuesday, reports Politico

StockNow breaking-news AI analysis

Independent US oil producers are signing production contracts with PDVSA in Houston, following US policy shifts and Venezuelan legal reforms aimed at revitalizing regional energy production under the 2025 National Security Strategy.

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A signing ceremony is set for tonight in Houston, according to 3 people familiar with the plans.

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