Venezuela targets 105 oil contracts by year-end, 1.5M bpd by 2027

Pdvsa official Héctor Obregón announced plans to sign 105 oil contracts by end-2026 and reach 1.5 million bpd production by 2027. This signals an aggressive push to expand output, but feasibility is uncertain given Venezuela's infrastructure and sanctions constraints. The move could affect global oil supply expectations and regional energy dynamics.