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

The Trump administration on Thursday reportedly renewed a license for oil major Chevron (CVX) to continue pumping oil in Venezuela. According to a Bloomberg report, citing sources familiar with the matter,

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.

Chevron Corp. is flying employees from Caracas to its oil production sites in Venezuela despite a US warning to operators that air travel in the region may be unsafe due to military satellite interference.

Chevron is flying employees from Caracas to its oil production sites in Venezuela despite a US warning that air travel in the region may be unsafe due to military satellite interference.

The U.S. ‌government ​carried out its seizure ‌of the M/T Skipper off the coast of Venezuela ​on Wednesday just as a judge-signed warrant was set to expire, according to ‍the document which was ​unsealed on Friday.