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The US government has notified foreign partners of Venezuelan state oil company PDVSA of the imminent cancellation of authorizations that allow them to export Venezuelan oil and byproducts,
The U.S. extended Chevron's wind-down of oil exports from Venezuela by two months on Monday, after President Donald Trump said that any country buying oil or gas from Venezuela will pay a 25% tariff on any trades made with the United States.
Trump, who is seeking to force out authoritarian President Nicolas Maduro, has also announced plans for 25 percent tariffs on imports from any country buying Venezuelan oil and gas.
The Biden administration secretly permitted Chevron Corp. to pay hundreds of millions of dollars to the Venezuelan government despite a license that explicitly prohibited such disbursements, according to people familiar with the matter.
U.S. President Donald Trump on Monday issued an executive order declaring that any country buying oil or gas from Venezuela will pay a 25% tariff on trades with the U.S., while his administration extended a deadline for U.
The Trump administration has acted swiftly as it ramps up the economic pressure on Venezuela's President Nicolás Maduro.
La administración Trump amplió el plazo de Chevron Corp. para detener sus operaciones en Venezuela, luego de los esfuerzos del gigante petrolero con sede en Texas.
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Trump considers extending Chevron oil licence in VenezuelaUS 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.
President Donald Trump is considering extending Chevron's license to pump oil in Venezuela, people familiar with the matter told The Wall Street Journal. Trump said in late February that he would reverse a Biden administration decision that allowed Chevron ...
The United States imposing a 25% tariff on countries importing oil and gas from Venezuela starting next month has already taken its toll on Caracas' coffers as India and China —accounting for over 50% of its crude exports— have halted purchases.
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