[ May 30, 2026 ]
Oil production for brutal dictatorships but not for America.
Wall Street Journal: The U.S. said it would allow Chevron Corp. to resume pumping oil from its Venezuelan oil fields after President Nicolás Maduro’s government and an opposition coalition agreed to implement an estimated $3 billion humanitarian relief program and continue dialogue on efforts to hold free and fair elections. The new license, granted by the Treasury Department, permits Chevron to pump Venezuelan oil for the first time in years (Wall Street Journal). Bloomberg: The sanctions relief comes after Norwegian mediators announced the restart of political talks between President Nicolas Maduro and the opposition this weekend. The license should do little to alleviate an energy crisis that has sparked inflation and slowed growth across the globe, but advances the political agenda with aim to set conditions for Venezuela’s 2024 presidential elections (Bloomberg).
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