U.S. could issue general license for oil companies to produce in Venezuela this week, source says

Workers of Venezuelan state oil company PDVSA labour at an operating pumpjack in Lake Maracaibo, in Cabimas, Venezuela, Jan. 27, 2026.The Trump administration could issue a general license as soon as this week for companies to produce oil and gas in Venezuela, a person familiar with the plan told CNBC on Tuesday.Chevron is the only U.S. company currently allowed to pump oil in Venezuela under a special license issued by the Treasury Department. Chevron has several joint ventures with state oil company Petró ...