
#oilprice.com. × Shell Weighs Multibillion Dollar Venezuela Gas Investments | OilPrice.com. Shell’s CEO Wael Sawan told CNBC the company is actively considering multibillion-dollar offshore natural gas investments in Venezuela that could start production in the next few years, pending regulat
#Feb.05.2026

#oilprice.com. × U.S. Sends $500 Million in Venezuelan Oil Proceeds to Caracas | OilPrice.com. The United States has transferred $500 million in proceeds from Venezuelan oil sales to an overseas account under a January agreement aimed at stabilizing Venezuela’s economy.
#Feb.04.2026

#oilprice.com. × Washington Prepares Broad License to Restart Venezuelan Oil Production | OilPrice.com. Washington is preparing to take another step deeper into Venezuela’s oil sector, with plans to issue a broad license that would allow companies to pump crude in the country for the first time in years.
#Feb.03.2026

#oilprice.com. × U.S. Extends License Protecting Venezuela-Owned Citgo From Creditors | OilPrice.com. The United States has extended a Treasury license that shields Venezuela-owned refiner CITGO Petroleum Corp from creditor actions through March 20
#Feb.02.2026

#oilprice.com. × Chevron Beats Profit Estimates as It Commits to Venezuela | OilPrice.com. Chevron beat fourth-quarter earnings expectations on record production and cost cuts while signaling continued engagement in Venezuela amid evolving U.S. policy.
#Jan.30.2026

#oilprice.com. × Venezuela Rewrites Its Oil Law to Attract Foreign Investment | OilPrice.com. Venezuela has passed a sweeping overhaul of its oil law, ending PDVSA’s monopoly and granting private companies greater control in hopes of attracting foreign investment amid easing U.S. sanctions.
#Jan.30.2026

#oilprice.com. × Washington Probes Who’s Cashing In on Venezuela’s Oil Reset | OilPrice.com. This week, U.S. Representative Robert Garcia, the top Democrat on a House investigative committee, sent letters to Vitol and Trafigura demanding records of any communications they’ve had with the Trump
#Jan.29.2026

#oilprice.com. × Citgo Buys Venezuelan Oil for the First Time Since 2019 Sanctions | OilPrice.com. Citgo Petroleum has purchased its first cargo of Venezuelan crude since 2019 after the United States assumed control over Venezuela’s oil sales.
#Jan.29.2026

#oilprice.com. × Shell and BP Seek U.S. Licenses for Shared Venezuela-Trinidad Gas Fields | OilPrice.com. Shell and BP are seeking new U.S. licenses to develop major cross-border gas fields shared by Trinidad and Tobago and Venezuela, as shifting U.S. policy reopens the door to foreign investment in Venezu
#Jan.28.2026

#oilprice.com. × U.S. Considers Sanctions Relief to Revive Venezuela’s Oil Output | OilPrice.com. The U.S. is considering easing oil sanctions on Venezuela to allow American and international companies to invest billions and revive a long-declining crude industry after the fall of Nicolás Maduro.
#Jan.28.2026

#oilprice.com. × India Is Offered Tiny Volume of Venezuelan Oil as Most Goes to U.S. | OilPrice.com. Offers of Venezuelan crude to India are limited, and in small volumes, as most of the oil under U.S. control is heading to the United States
#Jan.27.2026

#oilprice.com. × Venezuelan Crude Is Losing Its Appeal in China | OilPrice.com. PetroChina is avoiding Venezuelan crude despite U.S.-authorized sales, citing Washington’s control over the trade and reduced price discounts that undercut its economic appeal.
#Jan.27.2026

#oilprice.com. × Venezuela Eyes $1.4 Billion in Oil Investments | OilPrice.com. Venezuela expects oil investments to rise to $1.4 billion this year as limited U.S. sanctions relief and legal reforms reopen the sector, though high costs and investor caution continue to cloud its lo
#Jan.27.2026

#oilprice.com. × Baker Hughes Sees Major Revenue Upside in Venezuela | OilPrice.com. U.S. oilfield services firm Baker Hughes said it sees a significant revenue opportunity in Venezuela as sanctions constraints ease and payment mechanisms improve
#Jan.26.2026

#oilprice.com. × Venezuela’s Heavy Oil Gets a Lifeline from US Naphtha | OilPrice.com. US naphtha has begun arriving in Venezuelan waters, marking an early and telling step in efforts to restart the country’s long-crippled heavy oil production
#Jan.23.2026

#oilprice.com. × U.S. Reopens Venezuela’s Oil Spigot, but Refuses to Guarantee Security | OilPrice.com. According to people familiar with the discussions, senior administration officials said companies would be expected to manage their own physical and political risk if they choose to invest in Venezuela
#Jan.22.2026

#oilprice.com. × U.S. Refiners Snap Up Venezuelan Crude at Steep Discounts | OilPrice.com. Valero and Phillips 66 have purchased discounted Venezuelan crude cargoes from Vitol, marking a renewed flow of heavy oil into U.S. refineries following the Trump administration’s policy shift toward V
#Jan.22.2026

#oilprice.com. × Oil Prices Set to Extend Winning Streak on U.S. Sanction Action | OilPrice.com. Crude oil prices are on a third consecutive weekly rise as President Trump's tariffs on Venezuelan oil and increased sanctions on Iranian entities heighten concerns about global supply.
#Mar.28.2025

#oilprice.com. × China’s Purchases Stall After Trump’s Tariff Threat on Buyers of Venezuelan Oil | OilPrice.com. China's trade with Venezuela, its largest oil supplier, has stalled after U.S. President Trump threatened 25% tariffs on goods from any country importing Venezuelan oil.
#Mar.25.2025

#oilprice.com. × Venezuela Rations Energy With Shorter Work Days | OilPrice.com. The Venezuelan government has reduced the work week for public servants in the country in a bid to reduce energy consumption.
#Mar.25.2025

#oilprice.com. × Trump: 25% Tariff On Anyone Who Buys Venezuelan Oil & Gas | OilPrice.com. U.S. President Donald Trump has announced that any country that buys oil or gas from Venezuela will pay a 25% secondary tariff on trades with the United States
#Mar.24.2025

#oilprice.com. × Trump May Extend Chevron’s Venezuela License | OilPrice.com. President Trump is considering extending Chevron's sanction waiver for Venezuela, which he previously allowed to lapse, amidst concerns about China's growing influence in the country's oil industry and
#Mar.20.2025

#oilprice.com. × State Oil Firm PDVSA to Take Over Chevron Operations in Venezuela | OilPrice.com. PDVSA will continue producing crude oil alone from its joint ventures with Chevron after the Trump Administration revoked the U.S. supermajor's license to operate in Venezuela.
#Mar.18.2025

#oilprice.com. × Trump Pulls the Plug on Chevron’s Venezuela Play | OilPrice.com. The U.S. Treasury just gave Chevron Corp. a short 30-day eviction notice from Venezuela, cutting off its ability to pump and sell crude from the sanctioned country
#Mar.04.2025
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