“President Donald Trump said Wednesday the United States will end the Biden administration’s concessions aimed at promoting free elections in Venezuela, canceling a license that allowed U.S. oil company Chevron to produce and export oil in the country.”
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“Chevron’s oil exports out of Venezuela reached 294,000 barrels a day in January, the highest level since it resume shipments from its operations there in early 2023, Reuters reported earlier this month citing data from Venezuela’s state-owned company PdVSA. That crude oil went to refineries in the United States, according to the data.
Venezuela produced just over 1 million barrels a day of oil in January, according to data it reported to OPEC.”