Biden Admin Reverses Trump Ban On Chevron Pumping Venezuelan Crude | ZeroHedge
Update(1355ET): On Saturday the White House unveiled a monumental shift in its Venezuela policy, given only a short time ago Washington didn't even officially recognize Nicolás Maduro as the socialist Latin American country's legitimate ruler, announcing the easing of oil sanctions which allows Chevron to pump Venezuelan crude and export it to the United States. Chevron was forced to halt all drilling there just under three years ago due to Trump administration sanctions, also amid a US policy that recognized opposition leader Juan Guaidó as "interim president". Bloomberg confirms following the fresh White House statement, "Chevron received a six-month license that authorizes the company to produce petroleum or petroleum products in Venezuela, according to a general license from the US Treasury Department. The San Ramon, California-based driller is also allowed to resume exports of crude oil that had been been halted since 2019, when the US ratcheted up sanctions against the OPEC produ
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### Instruction: Biden Admin Reverses Trump Ban On Chevron Pumping Venezuelan Crude | ZeroHedge

### Response: Update(1355ET): On Saturday the White House unveiled a monumental shift in its Venezuela policy, given only a short time ago Washington didn't even officially recognize Nicolás Maduro as the socialist Latin American country's legitimate ruler, announcing the easing of oil sanctions which allows Chevron to pump Venezuelan crude and export it to the United States. Chevron was forced to halt all drilling there just under three years ago due to Trump administration sanctions, also amid a US policy that recognized opposition leader Juan Guaidó as "interim president". Bloomberg confirms following the fresh White House statement, "Chevron received a six-month license that authorizes the company to produce petroleum or petroleum products in Venezuela, according to a general license from the US Treasury Department. The San Ramon, California-based driller is also allowed to resume exports of crude oil that had been been halted since 2019, when the US ratcheted up sanctions against the OPEC produ