BIG Venezuela Oil Unlock Coming! 🛢️ Today Top 3 Viral Coins watch these closely $ZEN
The United States is expected to grant Chevron an expanded license this week that will let it boost Venezuelan oil production and exports, reversing years of tight restrictions and greatly increasing supply coming out of the country. This new license could allow Chevron to send more heavy crude to its own refineries and possibly sell to other buyers too — a major shift after sanctions limited activity for years. But Chevron isn’t the only company in the game. Marathon Petroleum and Valero Energy in the U.S., as well as big global traders like Mercuria and Glencore, are also in talks with the U.S. government for similar permissions to buy and move Venezuelan heavy crude. That means a flood of Venezuelan oil could be heading toward Gulf Coast refineries soon, helping processing capacity while reshaping global oil flows. This move is part of a broader push from the Trump administration to bring Venezuelan oil back into the market after political changes in Caracas and strengthen energy ties. But it also raises big questions about sanctions, prices, refinery demand, and geopolitical influence, making this one of the most watched energy stories of 2026.