Chevron is driving Venezuela's oil rebound while China is pulling back. As the fate of President Nicolas Maduro grows uncertain, Washington's renewed leverage is reshaping the country's economic and geopolitical future.

Chevron Corp. is currently engaged in talks with the Trump administration over its Venezuelan operations, with Chief Executive Officer Mike Wirth emphasizing that its continued presence there is beneficial to U.

On Wednesday, the Trump administration seized an oil tanker off the coast of Venezuela; it was reportedly carrying Venezuelan oil. “Well, we keep it, I guess,” President Trump told reporters at the White House — adding that “other things” involving Venezuela “are happening” as well.

President Donald Trump has announced that the United States has seized an oil tanker off the coast of Venezuela amid mounting tensions with the government of Venezuelan President Nicolas Maduro. It is the Trump administration’s latest push to increase pressure on Mr Maduro, who has been charged with narcoterrorism in the United States.