The licence comes with stringent conditions prohibiting any transfer of oil proceeds to the Venezuelan administration.

BEIJING (Reuters) -Oil prices ticked up in early trading on Wednesday after rising more than 3% in the previous session as ...

Chevron has been granted a restricted U.S. license to operate in sanctioned Venezuela, three sources close to the decision ...

About a half dozen foreign partners of Venezuela's state-owned oil company PDVSA are awaiting authorizations from the U.S.

Evercore ISI resumed coverage of Chevron with an ‘Outperform’ rating and $180 price target and noted that the Hess ...

Chevron and other foreign partners are still awaiting authorizations from the US government following talks last week about ...

Venezuelan state-run PDVSA's oil sales abroad in 2024 stood at $17.52 billion, according to a results document seen by ...

Chevron has received a renewed, restricted U.S. license to operate in Venezuela under the condition that no payments are ...

About half a dozen international oil companies are waiting on U.S. government authorization to resume operations in Venezuela, months after their licenses were revoked amid rising tensions over the ...

During former U.S. President Joe Biden's administration, targeted licenses to PDVSA's partners allowed Western refiners to ...

The permits are expected to mark a policy shift from a pressure strategy Washington adopted this year that led to oil license cancellations in March. The authorizations might not be made public this ...

Market sentiment shifted dramatically after President Trump shortened his timeline for Russia to show progress in ending the ...