"Most crude exports in recent years have been destined for Asian countries, specifically China and India, which have been ...

China Concord Resources Corp has begun developing two Venezuelan oilfields, planning to invest more than $1 billion in a project to produce 60,000 barrels per day of crude oil by end-2026, an ...

Since sanctions were reimposed, Venezuela’s oil exports have held steady—thanks largely to rising shipments to China. In May, PDVSA sent nearly 600,000 barrels per day to Chinese buyers, while ...

Trump administration reverses ban on Chevron pumping oil in Venezuela after prisoner swap frees 10 Americans, but promises guardrails to prevent Maduro regime from profiting.

With Chevron allowed to keep its assets in Venezuela, insiders say Grenell plans to continue lobbying Trump to restore the company’s ability to import the country’s oil to the United States.

U.S. will let Chevron’s Venezuela oil license expire May 27, Rubio announced, dealing a blow to Maduro’s regime as oil sector challenges intensify.

The Essequibo River flows through Kurupukari crossing in Guyana on November 19, 2023. Venezuela has long claimed Guyana's Essequibo region, a territory larger than Greece and rich in oil and minerals.

The Benefits of the Oil Deal With Venezuela Though designed to target decision makers, sanctions have hit ordinary Venezuelans the hardest. Aug. 6, 2025 2:55 pm ET Share ...

HOUSTON(Reuters) -Venezuela's oil exports declined about 10% in July from the previous month as key partners of state company PDVSA awaited U.S. authorizations to expand operations in the country ...

Their recent pivot on Venezuela, restoring Chevron’s production, means the country will be able to sustain oil production of around 900,000 barrels a day and potentially increase it to 1 million ...

The Trump administration granted Chevron CVX -0.74% a narrow license to preserve its oil-producing assets in Venezuela after the company’s Biden-era waiver to pump oil there expired Tuesday ...