Trump admin allows Chevron to again pump oil in Venezuela, reversing ban
1. Chevron gains renewed license to operate in Venezuela under the Trump administration. 2. Deal follows a prisoner swap and aims to restrict profits for Maduro's regime. 3. Previous licenses allowed Chevron to accrue significant taxes while restricting revenue to Venezuela. 4. U.S. refiners are eager for Venezuela's heavy oil now available to Chevron. 5. Future licensing may open doors for expanded investments in Venezuelan oil.