The Treasury Department said Chevron has 30 days to wind down operations in the country.
US sanctions on Venezuela have failed to achieve political change while harming American bondholders, who face heavy losses ...
President Trump on Tuesday reversed a Biden-era license that allowed the oil giant to operate in Venezuela despite US sanctions ...
The U.S. Treasury Department is formally rescinding a Biden-era license allowing Chevron (CVX) to pump oil in Venezuela, giving the oil major ...
Ramped-up economic sanctions will immediately affect the country’s oil output and potentially trigger inflation.