The first Venezuelan crude cargoes sent to Europe in two years helped lift the OPEC nation’s oil exports by 61% last month after a series of setbacks earlier in the year, tanker tracking data and documents from state-run PDVSA showed. Italy’s Eni (ENI.MI) and Spain Repsol (REP.MC) started taking Venezuelan crude after receiving a green light from the U.S. State Department. The U.S. decision, a move to help Europe compensate for the loss of Russian oil following its invasion of Ukraine, also marks a step toward better relations between Caracas and Washington. The oil-for-debt exchanges, viewed by analysts as a sign of the easing of Washington’s sanctions on the South American […]