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Italy’s Eni Plans Major Increase in Venezuela Oil Production

Italian energy producer Eni SpA aims to eventually boost production from its Venezuelan operations to more than 1 million barrels a day, a figure that includes volumes from state-owned Petróleos de Venezuela SA, according to people familiar with the matter, a potentially significant boost to US President Donald Trump’s effort to revive the country’s battered crude industry.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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Matter of Fact: July 24, 2026

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