Rubio: U.S. Oil License for Venezuela Expires on May 27

The U.S. license allowing companies to operate in Venezuela’s oil industry will expire as planned on May 27, U.S. Secretary of State Marco Rubio said amid reports that the U.S. could extend the license to U.S. supermajor Chevron. “The pro-Maduro Biden oil license in Venezuela will expire as scheduled next Tuesday May 27th,” Rubio posted on his personal X account. Reports emerged earlier this week that the U.S. federal government would extend a sanction waiver allowing Chevron to keep doing business in Venezuela by another 60 days,…