Bessent says largest oil companies are likely to move slower in Venezuela

Core Viewpoint - The largest oil companies are expected to proceed cautiously with investments in Venezuela, while independent oil companies or wildcatters are likely to act more swiftly [1] Group 1 - Major oil companies are likely to delay investment decisions in Venezuela due to various uncertainties [1] - Independent oil companies, often referred to as wildcatters, are positioned to capitalize on opportunities in Venezuela more rapidly than larger firms [1]