Facing the imminent withdrawal from Venezuela of U.S. oil giant Chevron Corp. , strongman Nicolás Maduro is rolling out the ...
During Trump's first term and his policy of "maximum pressure" Venezuela's oil production had reached its lowest point ...
EIA projects that global oil inventories will decline in second-quarter 2025, driven partly by reduced crude oil production ...
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.
President Trump on Tuesday reversed a Biden-era license that allowed the oil giant to operate in Venezuela despite US sanctions ...
The revocation of gas and oil licenses ends a financial lifeline for Venezuela, with catastrophic consequences.
Chevron and the other companies have played a key role in Venezuela’s efforts to boost its oil production, which had ...
Over time, the license has become responsible for roughly a quarter of Venezuela's oil production. "We are aware of ...
Machado pushed back on suggestions that the measures against oil production would hurt the Venezuelan people, arguing that none of the benefits of that revenue flow were trickling down to them.