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U.S. President Donald Trump announced the reversal of a license granted to Chevron to operate in Venezuela, citing President Nicolas Maduro's lack of progress on electoral reforms and migrant returns.

Venezuela's oil output in 2024 expanded to some 900,000 barrels per day (bpd) and exports rose 10.5% to around 772,000 bpd, mainly fueled by the U.S. licenses. ELECTORAL CONDITIONS 'NOT BEEN MET' ...

Chevron exports about 240,000 barrels per day (bpd) of crude from its Venezuela operations, more than a quarter of the country's entire oil output. "Chevron's exit could reduce Venezuela (oil ...

Copyright 2025 The Associated Press. All Rights Reserved. Chevron President in Venezuela, Javier La Rosa, left, attends a signing agreement ceremony between Venezuela ...

WASHINGTON — President Trump said Wednesday that he’s canceling a Biden-era economic reprieve for Venezuela — a move that will cause Caracas to lose roughly 34% of its oil export market.

President Donald Trump said Wednesday the United States will end the Biden administration’s concessions aimed at promoting free elections in Venezuela, canceling a license that allowed U.S. oil ...

FILE - Chevron President in Venezuela, Javier La Rosa, left, attends a signing agreement ceremony between Venezuela and the California-based Chevron, in Caracas, Venezuela, Dec. 2, 2022.

El presidente Donald Trump dijo que planea revocar una licencia petrolera para operar en Venezuela, debido al fracaso del país para recibir de vuelta a los migrantes a Estados Unidos tan ...

President Donald Trump said Wednesday that the US is reversing "concessions" to Venezuela on an oil transaction agreement. "We are hereby reversing the concessions that Crooked Joe Biden gave to ...

“We are hereby reversing the concessions that Crooked Joe Biden gave to Nicolás Maduro, of Venezuela, on the oil transaction agreement,” Trump wrote. Trump post did not specifically mention ...