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Trump open to extending Chevron’s license to produce oil in Venezuela, WSJ reports
President Donald Trump canceled a waiver for Chevron, citing electoral reform and migration issues in Venezuela.
Following the waiver's cancellation, PDVSA will independently continue oil production, planning to produce between 105,000 and 138,000 barrels per day.
In a recent White House meeting, Trump and Cabinet members discussed balancing U.S. foreign policy with energy interests and explored incentivizing oil imports from Venezuela.
Trump expressed openness to modifying oil agreements with Nicolás Maduro's regime, stating that concessions made by his predecessor were ineffective and unmet.