The Trump administration on Tuesday gave Chevron 30 days to stop oil production in Venezuela after Washington accused President Nicolas Maduro of not making progress on electoral reforms and ...

Venezuelan President Nicolás Maduro insisted Thursday that his country’s oil production would drop “not even a liter” despite the U.S. ending Chevron’s license to export crude.

US President Donald Trump's administration is considering extending an April deadline for Chevron to wind down operations in Venezuela after he suspended a controversial oil licence in late February.

lets Chevron continue running its joint ventures with Venezuela’s state-run oil company PDVSA until May 27. It’s a crucial exception. Chevron had previously exported around 200,000 barrels a ...

(Reuters) - The Trump administration is considering a plan to extend Chevron's license to pump oil in Venezuela and impose financial penalties on other countries that do business with the South ...

Chevron has been exporting some 240,000 barrels of Venezuelan crude to the United States daily thanks to the waiver. The amount constitutes a quarter of the country’s total oil production and ...

“Treasury is preparing to take action to wind-down General License 41 and other specific licenses as appropriate,” the Office of Foreign Asset Control (OFAC) said in a brief statement, adding ...

The extension would secure payments to Chevron for oil cargoes delivered to U.S. customers, while avoiding a collapse in crude volumes exported from Venezuela in coming weeks, especially to the ...

Trump to Hit Venezuelan Oil Buyers With Tariff, Extends Chevron's Wind Down By Timothy Gardner and Marianna Parraga WASHINGTON/HOUSTON (Reuters) -U.S. President Donald Trump on Monday issued an ...