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Chevron Ordered to U-Turn Venezuela Oil Ahead of Sanctions
Chevron Corp. was ordered to return nearly 1 million barrels of Venezuelan oil to Petroleos de Venezuela SA in a blow to the oil major, which was working to secure crude before wrapping up operations in the country when a US sanctions deadline hits in May.
Many buyers of Venezuelan oil have resumed loading crude onto tankers after a week-long hiatus at the country's ports after ...
Venezuela owes China’s banks about $10 billion, and its oil is about the only legal way it has to pay them back.
The International Energy Agency (IEA) has revised down its forecast for global oil supply growth this year, citing lower output from the United States due to falling prices and rising costs, and ...
The latest economic developments were the greatest fears of many Venezuelans ahead of last year’s presidential election. So ...
The U.S. has imposed a 25 percent tariff on Venezuelan oil in response to Nicolás Maduro’s refusal to take back deported ...
President Donald Trump issued a new Executive Order that authorizes tariffs on countries importing Venezuelan oil. More ...
Venezuela is once again facing renewed economic pressure as a new wave of U.S. sanctions and the exit of key oil companies threaten to deepen the country’s ongoing crisis.
The Trump Administration has revoked licenses for Shell and BP and their partners to operate natural gas projects offshore ...
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