Buyers of Venezuelan oil under U.S. licenses and authorizations have completed loadings and the vessels departed as a period granted by Washington to wind down transactions expired this week, shipping data and documents seen on Wednesday showed.

US Secretary of State Marco Rubio said in a post on X that a Venezuela oil-export license will expire next Tuesday, defying earlier expectations that it would be extended.

Oil prices edged higher in Asian trading on Wednesday due to renewed concerns over global supply disruptions. Key drivers included looming U.S. sanctions on Russia, a U.S. export ban on Venezuelan crude,

Crude oil futures rise as US restricts Chevron from exporting oil from Venezuela, impacting global energy markets.

In an interview, Venezuela’s opposition leader Machado said May 25 elections and Chevron’s export ban will weaken the regime. | Opinion

Oil prices rose slightly due to U.S. export restrictions on Venezuela and Canadian wildfire-related supply disruptions. Markets are now watching OPEC+ meetings for possible July output changes.

Venezuela heads into a crucial election amid deep political divisions and economic turmoil. The ruling party aims to strengthen its control, while opposition factions call for a boycott. The economy faces severe challenges,

Critics have argued for years that allowing Chevron to continue its operations in Venezuela was effectively helping support Venezuelan leader Nicolás Maduro. | Opinion

In Sunday’s election, President Nicolás Maduro has called to elect a governor of Essequibo — a region that actually belongs to neighboring Guyana.

U.S. licenses allowing transactions with Venezuelan oil concluded, affecting sales. Companies like Chevron and Repsol completed cargo loadings before deadlines. Analysts predict a significant drop in Venezuela's oil exports without licenses.