Chevron Poised for Venezuela Comeback as U.S. Prepares to Soften Sanctions

As Oilprice.com reported on Thursday, the Trump administration is preparing to grant limited new authorizations to oil companies operating in Venezuela, starting with Chevron. This development marks a significant shift from the “maximum pressure” campaign that had all but paralyzed the sanctioned nation’s energy sector. The move follows months of lobbying, geopolitical developments, and a recent high-stakes prisoner exchange that helped to thaw tensions between Washington and Caracas. According to multiple sources familiar with…