Venezuela
News
January 09, 2026
Oil executives struck a cautious tone on Venezuela during Friday's White House meeting with President Trump, underscoring concerns over security, legal protections and investment risk—even as the administration presses to revive the country’s long-declining oil sector.
News
January 09, 2026
Chevron could add up to $700 million a year in cash flow from higher oil production in Venezuela, according to TD Cowen, though analysts expect the company to limit new capital spending until political and fiscal conditions stabilize.
News
January 09, 2026
The Trump administration does not plan to fund a revival of Venezuela’s oil sector, Interior Secretary Doug Burgum said, signaling U.S. energy companies will rely on private capital markets for investment.
News
January 08, 2026
ExxonMobil, ConocoPhillips and other major U.S. oil firms are examining potential roles in Venezuela’s energy sector following the ouster of Nicolás Maduro, Energy Secretary Chris Wright said.
News
January 07, 2026
Canadian heavy crude prices weakened after the Trump administration said it would market Venezuelan oil globally, raising concerns about renewed competition for US Gulf Coast refiners and wider heavy crude price discounts.
News
January 07, 2026
U.S. Energy Secretary Chris Wright says the United States will control Venezuelan oil exports indefinitely, using sales revenue to support economic rebuilding and leverage reforms.
News
January 06, 2026
Trafigura’s leadership says the firm will engage the U.S. government this week on how traders can return to buying crude from Venezuela and supplying fuel, while emphasizing that any comeback depends on OFAC permits and a credible upstream legal framework.
News
January 06, 2026
Expectations that Venezuela could quickly rebound to historic output near 3 MMbpd are running into hard infrastructure and capital barriers, according to commentary from global analyst firms.
News
January 05, 2026
Analysts say Venezuela’s political upheaval is unlikely to disrupt global crude supply in the near term, but uncertainty around sanctions, exports and investment could reshape upstream dynamics in 2026 and beyond, with Chevron viewed as best positioned among U.S. majors.
News
January 05, 2026
U.S. Energy Secretary Chris Wright is expected to meet with oil industry executives this week to discuss the potential revival of Venezuela’s oil sector, as companies weigh long-term investment risks following recent political upheaval.
News
January 05, 2026
Chevron and other U.S. oil stocks climbed after President Donald Trump pledged to revive Venezuela’s oil industry following the capture of Nicolás Maduro. Analysts say Chevron, which operates under a U.S. sanctions waiver, is best positioned to benefit, though rebuilding Venezuela’s aging oil infrastructure could take years.
News
January 04, 2026
U.S. Secretary of State Marco Rubio said Washington’s oil “quarantine” is giving the U.S. significant leverage over Venezuela, as sanctioned crude shipments are seized and exports constrained.
News
January 03, 2026
Global oil markets are showing little reaction to Venezuela’s political shock, as swelling supplies and a deepening surplus blunt price impacts. Analysts say rising non-OPEC output and OPEC+ policy discipline are likely to keep crude prices under pressure despite heightened geopolitical risk.
News
December 31, 2025
Venezuela’s oil output in the Orinoco Belt has fallen 25% as U.S. enforcement efforts block exports, forcing PDVSA to shut wells amid limited storage capacity.
News
December 30, 2025
Venezuela has begun shutting oil wells in the Orinoco Belt as U.S. blockade measures halt crude flows, forcing PDVSA to cut production by an estimated 25% due to storage constraints.
News
December 29, 2025
U.S. ports are receiving Venezuelan crude despite a partial maritime blockade, with several Chevron-chartered tankers successfully unloading cargo and more en route. The activity highlights Chevron’s continued ability to move oil under its U.S. license as geopolitical tensions escalate and foreign vessels remain stalled offshore.
News
December 15, 2025
Chevron has lowered prices for Venezuelan crude sold to U.S. refiners after a tanker seizure in the Caribbean added pressure to an already weak Gulf Coast market. The move comes amid heightened U.S. enforcement actions and softer global oil prices.
News
December 10, 2025
Chevron CEO Mike Wirth says the company is in discussions with the Trump administration to ensure continued compliance with U.S. sanctions while maintaining operations in Venezuela, where Chevron remains the last U.S. oil major operating.
News
December 04, 2025
Chevron is continuing routine flights to Venezuelan oil sites despite U.S. airspace warning, with the company stressing full regulatory compliance and prioritizing worker safety amid heightened regional navigation risks.
News
November 19, 2025
Chevron CEO Mike Wirth signaled the company’s long-term commitment to Venezuela’s vast oil reserves, saying the major sees a future role in helping rebuild the nation’s energy economy once political conditions allow—even as U.S. pressure on the Maduro regime intensifies.
News
October 08, 2025
Shell is preparing to restart development work on Venezuela’s offshore Dragon gas field, a key step toward resuming natural gas exports to Trinidad and Tobago, pending U.S. authorization expected in the coming weeks.
