Venezuela, Chevron and Trump
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While U.S. military pressure on Venezuela has forced vessels to idle at ports or steer away from the region, it continues to be business as usual for one U.S. company. Chevron (CVX), which has been present in Venezuela for more than a century,
10hon MSN
Contextualizing Trump post about Venezuela stealing 'oil, land and other assets' from the US
The president said in a Truth Social post Venezuela should return those assets to the U.S. and declared an oil tanker blockade.
OilPrice.com on MSN
Tanker Seizure Forces Chevron to Slash Prices on Venezuelan Crude
Chevron cut the price of Venezuelan crude after U.S. forces seized a tanker carrying sanctioned oil, adding pressure to an already weak Gulf Coast market.
Chevron is flying employees from Caracas to its oil production sites in Venezuela despite a US warning that air travel in the region may be unsafe due to military satellite interference.
Chevron Corp. is flying employees from Caracas to its oil production sites in Venezuela despite a US warning to operators that air travel in the region may be unsafe due to military satellite interference.
US warships, tanker seizures and a declared blockade are squeezing Venezuela’s oil lifeline. As exports slow to a crawl, Chevron remains the lone US operator and even that window may be closing.
Earlier in July, Bloomberg reported that Chevron would hand over a percentage of its Venezuelan production to the Maduro government under new terms negotiated after receiving a U.S. license to restart operations.
Venezuela's state-run oil company PDVSA has been subject to a cyberattack, it said on Monday, adding its operations were unaffected, even though four sources said systems remained down and oil cargo deliveries were suspended.