A permit issued by the United States government allowing energy giant Chevron Corp. to pump and export Venezuelan oil will be terminated this week.
The United States is rescinding a Treasury license allowing Chevron to produce and export oil from Venezuela, despite U.S. sanctions, President Donald Trump said Wednesday, because President Nicolás Maduro was not legitimately elected and has not accepted Venezuelans deported from this country fast enough.
Secretary of State Marco Rubio doubled down on his tough stance on Venezuela on Wednesday, calling strongman Nicolas Maduro “a horrible dictator” and a “threat” that must be dealt with, indicating the Trump administration still supports a transition to democracy in the South American nation.
Venezuela condemned Trump's reinstated oil sanctions, warning the move is "inflicting harm on the United States, its population, and its companies."
U.S. imports of crude oil from Venezuela averaged 222,000 barrels per day (bpd) in the first 11 months of 2024, according to U.S. Energy Information Administration data, making it the fourth largest crude supplier to the United States.
Donald Trump has revoked Venezuela's oil license even as delusional leftists accuse him of catering to Venezuelan President Nicolás Maduro.
President Trump appears to be revoking a license that the Biden administration gave Chevron in 2022, potentially hurting the company and Venezuela.
While portrayed by the Trump administration as hardened criminals, the Venezuelans returning to their home country in the deportation flights from the United States and Mexico are being welcomed back with open arms as prodigal sons and daughters — ironically,
"The organized crime group was, back then, used by foreign agencies like the FBI and the DEA with terrorist and destabilizing purposes against Venezuela," the authoritarian government said