Chevron's first cargo of Venezuelan oil departs for US more than a month after US issued special license.

Washington grants its oil giant Chevron Corp an exemption from Venezuelan sanctions.

Independent United Nations experts say the detention of Steven Donziger “lacks legal basis and is therefore arbitrary.”

The oil industry, long a political heavyweight in Washington, received a series of major blows on Wednesday after shareholders, customers and the courts turned on the industry due to concern over climate change.

Venezuela is facing a commercial dilemma as Chevron, one of the US’s largest oil corporations, halts its production in the South American country following an order by President Donald Trump.

US oil giant Chevron has finalized a basic agreement to develop key oil fields in Iraq’s southern province of Basra.