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 US president said Venezuela had not lived up to its promises on taking back deported migrants.

President Donald Trump says he is reversing a Biden-era grant allowing Chevron to operate within Venezuela on Wednesday. Trump detailed the decision in a lengthy post on Truth Social, stating that Venezuelan President Nicolas Maduro had not upheld his end of the bargain.

U.S. President Donald Trump's cancellation of licenses for foreign oil companies to operate in sanctioned Venezuela will reduce the dollars on offer in the country's exchange market, stoking depreciation of the local bolivar currency and prices,

U.S. President Donald Trump on Wednesday said he was reversing a license given to Chevron to operate in Venezuela by his predecessor Joe Biden more than two years ago, accusing President Nicolas Maduro of not making progress on electoral reforms and migrant returns.

The regime has not been transporting the violent criminals that [Venezuela] sent into our Country (the Good Ole’ U.S.A.) back to Venezuela at the rapid pace that they had agr

Oil prices rose more than 2% on Thursday as supply concerns resurfaced after U.S. President Donald Trump revoked a licence granted to U.S. oil major Chevron to operate in Venezuela. However, investors were still keeping an eye on signs of a potential peace deal in Ukraine,

The Trump administration is revoking Chevron's Venezuela oil license in a blow to the Maduro regime. Director of the Americas Program at the Center for Strategic & International Studies Ryan Berg joins José Díaz-Balart to discuss the potential impact of the move.