(Bloomberg) -- The Biden administration has no plans to change its sanctions policy toward Venezuela without positive actions from President Nicolas Maduro’s government, the National Security Council said after a report that the US would scale down restrictions affecting Chevron Corp.Most Read from BloombergMusk Revives $44 Billion Twitter Bid, Aiming to Avoid TrialTrump Says US Agency Packed Top-Secret Documents. These Emails Suggest Otherwise.One Big Option Trade Fueled S&P 500’s Midday Jump,
In the latest trading session, Chevron (CVX) closed at $158.53, marking a +0.57% move from the previous day.
HOUSTON (Reuters) -Venezuelan opposition leader Juan Guaido asked the United States for details of Chevron Corp's expanded license request to operate in the South American country, according to a letter sent to a senior U.S. official on Monday that also asked to be consulted before any U.S. decisions. Guaido's team is concerned an agreement between Chevron and Venezuela's state oil company PDVSA underlying the license request would not be legal under Venezuelan law, according to people familiar with the matter.