Chevron is in talks with US government to expand Venezuela license and seeks authorisation to supply Venezuelan oil to other buyers, according to industry sources

Chevron's negotiations with the US government to expand its Venezuelan license underscore a potential shift in US energy policy towards Venezuela, likely aimed at increasing oil exports amidst global supply challenges.

Newsquawk StaffPublished 7 Jan 2026, 22:12 UTCOn the live feed at 21:52 UTC — 2 more headlines followed before this page went public

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22:05

US President Trump posts "I have just been informed that Venezuela is going to be purchasing ONLY American Made Products, with the money they receive from our new Oil Deal"

21:58

US President Trump signs a Presidential Memorandum directing withdrawal of US from participation in 66 international organisations

21:52

Chevron is in talks with US government to expand Venezuela license and seeks authorisation to supply Venezuelan oil to other buyers, according to industry sources

21:49

US Vice President Vance says Venezuela can only sell its oil if it serves US national interests, and the way we control Venezuela is to control the purse strings

21:46

India's securities regulator finds Bank of America shared confidential information ahead of a block trade, according to WSJ

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US government also wants other US companies involved in oil exports from Venezuela.

Context

If successful, this could not only impact WTI prices through the supply-in-demand dynamics but also suggests a broader re-engagement with Venezuelan oil, affecting the strategies of both US companies and international markets.

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