The U.S. extended Chevron's wind-down of oil exports from Venezuela by two months on Monday, after President Donald Trump said that any country buying oil or gas from Venezuela will pay a 25% tariff on any trades made with the United States.

The United States imposing a 25% tariff on countries importing oil and gas from Venezuela starting next month has already taken its toll on Caracas' coffers as India and China —accounting for over 50% of its crude exports— have halted purchases.

U.S. President Donald Trump's administration is considering a plan to extend Chevron's license to pump oil in Venezuela by at least 60 days, according to two people familiar with the matter.

Loading of Venezuela's heavy crude at its main oil ports slowed this week after the U.S. imposed a tariff on trade with countries buying the South American nation's oil and producer Chevron began reducing its tanker fleet there,

Biden administration reportedly secretly permitted Chevron to pay hundreds of millions of dollars to Venezuela's government despite a license that explicitly prohibited such disbursements

La administración Trump amplió el plazo de Chevron Corp. para detener sus operaciones en Venezuela, luego de los esfuerzos del gigante petrolero con sede en Texas.

The state-owned Natural Gas Company of Trinidad & Tobago (NGC) and UK supermajor Shell have an Office of Foreign Assets Control (OFAC) licence from the US Treasury Department to develop the Dragon gas field, which lies in Venezuelan waters. The Caribbean nation says it needs the Venezuelan gas to supply itself and its near neighbours.

The president reportedly expressed he was open to reversing his decision from earlier this month, when he ordered Chevron to wind down operations in Venezuela within 30 days.

President Donald Trump is considering extending Chevron's license to pump oil in Venezuela, people familiar with the matter told The Wall Street Journal. Trump said in late February that he would reverse a Biden administration decision that allowed Chevron ...