U.S. gives Chevron one month to end operations in Venezuela

Venezuela: U.S. shrinks Chevron wind-down period to 30 days following ‘crazy Cubans’ pressure

Ramped-up economic sanctions will immediately affect the country’s oil output and potentially trigger inflation.

CNN en Español The US State Department on Thursday defended the decision by President Donald Trump's administration to revoke the license that allowed the US oil company Chevron to conduct operations in Venezuela. In a response sent to CNN, a spokesperson for the institution reiterated that the revocation "is a consequence of the (Nicolás) Maduro regime failing to comply with the agreement on electoral conditions in Venezuela and failing to acce…

Nicolás Maduro, who swore last January 10 for his third consecutive six-year term in power, said Thursday that Venezuela’s oil production will not fall “or a liter,” after the United States put an end to the U.S. license Chevron, which allowed it to export crude oil from the Caribbean country.

Venezuela to keep producing oil after US revokes Chevron license

Caracas, Venezuela — Venezuelan President Nicolas Maduro on Wednesday said his government would continue producing oil, a day after the United States gave energy giant Chevron a month to stop operations in the Caribbean country. Chevron produces and exports almost a quarter of the one million barrels of crude each day from Venezuela, providing vital

By German Padinger, CNN en Español Just a week after US President Donald Trump announced his intention to reverse “concessions” for Venezuela’s oil exports, the White House on Tuesday ended the license that allowed the oil company Chevron to operate in the South American country and gave it 30 days to cease its activities.

Venezuela's Maduro Says Will Keep Producing Oil After US Revokes Chevron License

Venezuelan President Nicolas Maduro on Wednesday said his government would continue producing oil, a day after the United States gave energy giant Chevron a month to stop operations in the Caribbean country.