Oil producer Chevron's U.S. license to operate in Venezuela will expire on May 27 as planned, Secretary of State Marco Rubio said in a post on his personal X account.

Following tighter US sanctions and a significant drop in oil revenue, Venezuela’s government is increasing taxes and public service fees on the private sector in an attempt to alleviate some of the ...

The State Department provides guidance for the Treasury to rule on any changes ... industry since 2019. The licenses to Chevron and other foreign firms in Venezuela have allowed a slight recovery ...

This shift marks a significant change in Venezuela's oil trade ... keep production running as U.S. sanctions tighten. Venezuela's oil sector now relies heavily on China. The country uses ...

The State Department provides guidance for the Treasury to rule on any changes ... industry since 2019. The licenses to Chevron and other foreign firms in Venezuela have allowed a slight recovery ...

As if the genocide in Palestine were not enough, Israel simultaneously unleashed a war through a blatant and large-scale ...

While not officially taking over Chevron’s assets, Chinese companies like China Concord Petroleum and Anhui Guangda Mining ...

(Reuters) -Venezuela's government is increasing taxes and public service charges on the private sector to compensate for declining oil revenue after tighter U.S. sanctions, according to business ...

U.S. Secretary of State Marco Rubio confirmed that the current oil license for Chevron in Venezuela will not be extended past May 27. Despite earlier reports of a possible extension, Chevron and ...