U.S. Oil Major Granted Sanctions Waiver For Venezuela

The U.S. government granted Chevron another three-month extension to a sanction waiver that allowed the supermajor to continue doing business in Venezuela, quenching concerns it would have to up and leave to avoid penalties. Reuters reports the new waiver will expire on January 22, adding it was a topic of heated discussions in the Trump administration. Among the most notable proponents of the extension is Secretary of State Mike Pompeo, who has argued that a U.S. company in Venezuela would ensure a quicker recovery of its oil industry after—and…