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Trump Reverses Course on Venezuela, Revoking Biden-Era Oil Deal

President Donald Trump announced the termination of a permit for Chevron Corp. To export Venezuelan oil, labeling it a financial lifeline for the country under President Nicolás Maduro.
The U.S. Government does not recognize Maduro as the president of Venezuela, and the opposition claims that he received approximately $4 billion from the now-terminated permit.
Opposition leader Maria Corina Machado accused Maduro of misusing these funds for 'repression, persecution, and corruption.'
Trump criticized the Maduro government for not efficiently repatriating immigrants set for deportation.

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Inquirer

+2 Reposted by 2 other sources

Trump ends Chevron permit in major blow to Venezuela

Washington, United States — US President Donald Trump said Wednesday he was revoking permission for oil giant Chevron to operate in Venezuela, a major blow to the wobbly economy run by leftist adversary Nicolas Maduro. Trump accused Maduro of failing to live up to promises to take back deported Venezuelans as pledged to a US […]...Keep on reading: Trump ends Chevron permit in major blow to Venezuela

11 hours ago·Manila, Philippines

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Emirates24|7

Oil Rebounds from Two-Month Lows as Trump Revokes Chevron's Venezuela License

Oil prices edged higher on Thursday after U.S. President Donald Trump reversed a key license allowing Chevron to operate in Venezuela, a move that could tighten global crude supply. Brent crude futures rose $0.19 (0.3%) to $72.72 per barrel by 0154 GMT, while U.S. West Texas Intermediate (WTI) crude gained $0.16 (0.2%) to $68.78 per barrel. On Wednesday, both benchmarks settled at their lowest levels since December 10, pressured by an unexpected…

14 hours ago·Dubai, United Arab Emirates

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npr

Trump cuts financial lifeline for Venezuela by ending permit to export oil to U.S.

Trump's accused the government of Venezuelan President Nicolás Maduro of not meeting democratic conditions for last year's July presidential election as well as of not moving fast enough to transport back immigrants set for deportation.

15 hours ago·Washington, United States

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New York Post

Trump tightens Venezuela sanctions by ending Biden-era oil export license

President Trump said Wednesday that he's canceling a Biden-era economic reprieve for Venezuela — a move that will cause Caracas to lose roughly 34% of its oil export market.

17 hours ago·New York, United States

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Al Jazeera

Trump nixes Venezuelan oil concessions granted by predecessor Joe Biden

Trump took harsh stance towards Venezuela during first term but has shown interest in collaboration in recent months.

17 hours ago·Qatar

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Washington Examiner

Trump administration denies cutting Venezuelan oil will increase gas prices - Washington Examiner

Energy Secretary Chris Wright dismissed concerns President Donald Trump‘s decision to rescind concessions President Joe Biden made to Venezuela in order to encourage free elections could increase oil prices at home. “The agenda, for sure, is to drive prices down,” Wright told the Washington Examiner Wednesday at the White House. “America is, by far, the largest producer of oil and natural gas. If we can grow that production, small interruptions …

17 hours ago·Washington, United States

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