The Latest Breaking News from Chevron

The fix is in. During the Thanksgiving holiday, the Biden administration announced it was quietly reversing policy and allowing limited petroleum imports from Venezuela. The Treasury Department lifted restrictions permitting a six-month deal to ease sanctions so that Chevron petroleum may buy and then ship Venezuelan crude oil to American…

Gov. Gavin Newsom’s proposal to penalize excessive oil refinery profits is a relatively straightforward effort to prevent price gouging that reached new heights this year as gas prices in the state spiked to more than $6.40 a gallon. While Californians paid $2.60 a gallon more than the average American motorist…

Once a darling in the business and tech world, Sam Bankman-Fried has become a pariah. The founder of crypto exchange FTX, which declared bankruptcy last month, has given his first media interview since his platform collapsed. He denied any intention to commit fraud and pleaded ignorance at the mismanagement of…

The easing of sanctions comes after the Maduro government and the opposition signed accord to set up a UN-mandated fund.

The Biden administration granted Chevron a license to resume oil production in Venezuela after U.S. sanctions halted all drilling activities almost three years ago.

The license signals an opening for other oil companies to resume their business in Venezuela.

Venezuela’s battling political factions restarted negotiations on Saturday in Mexico, signing a rare deal to work together on a humanitarian spending plan and setting the stage for the U.S. to ease restrictions on Chevron to operate in the country.

Venezuela’s government and its opposition have agreed to create a U.N.-managed fund to finance health, food and education programs for the poor, while the Biden administration eased some oil sanctions on the country in an effort to boost the newly restarted talks between the sides

The Biden administration is easing some oil sanctions on Venezuela in an effort to support newly restarted negotiations between the Venezuelan government and its opposition