Latin America

Chevron can resume key role in Venezuela’s oil output, exports

Reuters | November 26, 2022

By Daphne Psaledakis and Marianna Parraga WASHINGTON/HOUSTON (Reuters) -Chevron Corp on Saturday received a U.S. license allowing the second-largest U.S. oil company to expand its production in Venezuela and bring the South American country’s crude oil to the United States. The decision grants broader rights for the last big U.S. oil company still operating in […]

Exclusive-U.S. says Russia oil price cap will not be aimed at OPEC

Reuters | October 19, 2022

By Noah Browning and Dmitry Zhdannikov LONDON (Reuters) -New steps from Group of Seven countries to cap Russian oil sales at an enforced low price will not be replicated against OPEC producers, whose plans to cut output have irked consumer countries, a United States Treasury official told Reuters.     Washington has communicated to representatives of […]

Washington plays hardball with Chevron’s Venezuela license over Mexico talks

Reuters | October 18, 2022

By Marianna Parraga and Matt Spetalnick WASHINGTON (Reuters) -U.S. officials have made clear that allowing oil major Chevron to expand in Venezuela depends on a grand gesture: the Venezuelan government and opposition returning to election talks in Mexico at least for a first round, three people close to the matter said this week. Under a […]