Revoking Chevron’s license in Venezuela could drive oil sales back underground, reducing transparency and benefiting corrupt ...

Deported Venezuelans Venezuela has expressed its determination to ensure the release of hundreds of its citizens who were ...

The entities include West Indies Oil Co. Ltd., an Antigua-based petroleum storage and distribution company of which the government is a majority shareholder, and Fancy Bridge Ltd., a Hong Kong-based ...

Venezuela's state-run PDVSA has put together three operational scenarios as part of a plan to continue producing and exporting oil at its largest JV with Chevron once a license for the U.S. major to ...

PDVSA will continue producing crude oil alone from its joint ventures with Chevron after the Trump Administration revoked the U.S. supermajor's license to operate in Venezuela.

Highlighting ongoing concerns about demand, the other key downside risk for oil, the OECD said on Monday that Trump's tariffs ...

Venezuela's state-run PDVSA has put together three operational scenarios as part of plan to continue producing and exporting ...

On March 4, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Venezuela General License 41A, “Authorizing ...

US President Donald Trump’s plan to revoke Chevron Corp.’s operating license in Venezuela threatens to force the nation’s oil sector back into the shadows, paving the way for corruption and ...

And if Venezuelan state oil company PDVSA exports oil previously exported by Chevron, U.S. refineries would be unable to buy it because of American sanctions. The move also could lead to the ...

PDVSA. Chevron’s operations have played a key role in Venezuela’s efforts to boost its oil production, which had fallen to levels nearing 400,000 barrels per day in 2020 from the 3.2 million ...