President Nicolas Maduro looks on during a press conference after testifying before the electoral chamber at main headquarters of the Supreme Court of Justice on Aug. 2, 2024, at the Miraflores presidential palace in Caracas, Venezuela.

President Nicolás Maduro of Venezuela aimed for a democratic election amid US economic sanctions, offering Chevron a permit to export Venezuelan oil. Despite an unfair election and criticism, oil revenues have bolstered Venezuela's economy.

In 2022, the White House granted Venezuela a financial lifeline “to support the restoration of democracy” after President Nicolás Maduro promised to work toward an open presidential election, granting U.

Maduro took office last week for a third consecutive term. Now, he’s consolidating his position as dictator Nicolás Maduro has now been in power in Venezuela since 2013 – gradually usurping power over the past twelve years until becoming a full dictator.

The top Trump officials expected to have influence over how the administration handles Maduro include Secretary of State Marco Rubio, a long-time Maduro critic, and Richard Grenell, a former intelligence chief who is Trump's envoy for special missions.

However, their simplistic argument does not withstand scrutiny. Evidence shows that U.S. sanctions significantly contributed to Venezuela’s economic implosion, while the easing of sanctions in recent years has been associated with a moderate economic recovery that has helped alleviate the worst of the country’s economic crisis.

The United States and Venezuela navigate a complex relationship involving sanctions, oil licenses, and disputed elections. Controversies persist over diplomatic interactions during and after the presidencies of Trump and Biden.

The US Gulf Coast heavily relies on Venezuelan crude, with imports hitting a six-year high. While Trump has left room for maneuvering on Venezuela, he is unlikely to cut off imports entirely. Disruptions to this supply would force refiners to seek lower-quality alternatives, threatening energy stability.

By bne intellinews Venezuela, once a significant supplier of crude oil to the United States, may be on the brink of losing its position as a key energy partner. Hinting at the reversal of limited oil imports resumed in 2023,

While Washington was arguing over the viability of President Trump’s proposal to annex Greenland, Venezuelan dictator Nicolás Maduro held a sham inauguration in Caracas for his third term in power and threatened to invade Puerto Rico.

Trump plans to end Venezuelan oil imports, reversing Biden's eased sanctions, while critics debate the challenges and benefits of the country's heavy crude in global markets.

In this article, we are going to take a look at where Chevron Corporation (NYSE:CVX) stands against the other stocks. Jim Cramer, the host of Mad Money, recently shared his thoughts on the ...