GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL: Chevron to Lobby White House to Keep Venezuelan Oil License: FT

OIL
BulletEnergy BulletsCommodities

Chevron to Lobby White House to Keep Venezuelan Oil License: FT

  • Chevron is seeking to protect a special US license allowing it to operate in Venezuela, saying China and Russia will gain influence in the oil-producing nation, and the western hemisphere, if it is forced out by Donald Trump’s administration.
  • CEO Mike Wirth told the FT the company would engage with the White House after Marco Rubio, US secretary of state, said the license should be reconsidered. 
  • Wirth said Chevron would comply with US law and “stayed out of the politics” but added, “in Venezuela, in particular, what you have seen when countries from the west leave, you’ve seen companies from China, from Russia, increase their presence as a result.”
  • Chevron’s license has been extended several times, including by the first Trump administration, even as the US has become increasingly impatient with the regime in Caracas and imposed economic sanctions to punish its leadership. 
153 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Chevron to Lobby White House to Keep Venezuelan Oil License: FT

  • Chevron is seeking to protect a special US license allowing it to operate in Venezuela, saying China and Russia will gain influence in the oil-producing nation, and the western hemisphere, if it is forced out by Donald Trump’s administration.
  • CEO Mike Wirth told the FT the company would engage with the White House after Marco Rubio, US secretary of state, said the license should be reconsidered. 
  • Wirth said Chevron would comply with US law and “stayed out of the politics” but added, “in Venezuela, in particular, what you have seen when countries from the west leave, you’ve seen companies from China, from Russia, increase their presence as a result.”
  • Chevron’s license has been extended several times, including by the first Trump administration, even as the US has become increasingly impatient with the regime in Caracas and imposed economic sanctions to punish its leadership.