Oil prices rose more than 2% during trading on Thursday with renewed concerns about supplies after US President Donald Trump revoked the license of US oil giant Chevron to operate in Venezuela.

OIL prices rose more than 2 per cent on Thursday (Feb 27) as supply concerns resurfaced after US President Donald Trump revoked a licence granted to US oil major Chevron to operate in Venezuela.

Learn how to get started. US President Donald Trump's threat to strip oil giant Chevron of a license to operate in Venezuela could plunge the troubled South American nation into deeper economic and ...

Chevron exports about 240,000 barrels per day of crude from its Venezuela operations, over a quarter of the country's entire oil output. Ending the license means Chevron will no longer be able to ...

Oil prices rebounded slightly after President Donald Trump reversed Chevron's license to operate in Venezuela, affecting a quarter of the country's oil exports. Market reactions were also influenced ...

In a post on Truth Social, Trump said he was “reversing the concessions” of the “oil transaction agreement, dated Nov 26, 2022.” Trump did not name Chevron in his comments, but Washington ...

canceling a license that allowed U.S. oil company Chevron to produce and export oil in the country. The move, set to take effect March 1, comes as the Trump administration resets foreign relation ...

Oil cargoes chartered by Chevron were departing as scheduled from Venezuelan ports bound for the United States, according to vessel monitoring data and PDVSA's internal export records. Shippers ...

Brent crude oil futures rose 19 cents or 0.3 per cent to $72.72 a barrel by 0154 GMT. U.S. West Texas Intermediate crude oil futures were up 16 cents or 0.2 per cent at $68.78 per barrel.

US President Donald Trump's threat to strip oil giant Chevron of a license to operate in Venezuela could plunge the troubled South American nation into deeper economic and social turmoil ...

Oil prices rose more than 2% on Thursday as supply concerns resurfaced after U.S. President Donald Trump revoked a license granted to U.S. oil major Chevron to operate in Venezuela. Investors were ...

Trump said he was revoking the concessions granted under an oil transaction agreement dated November 26, 2022. Chevron can no longer export Venezuelan crude, potentially disrupting the flow of ...