Chevron Continues Loading Venezuelan Oil Amid Tensions (1)

Oil major Chevron Corp. is preparing to export 1 million barrels of crude from Venezuela, a day after President Donald Trump accused the nation of using oil proceeds to finance drug trafficking and terrorism.

Chevron, which holds a US license to drill and export oil from the country, has finished loading a cargo onto the ship Searuby and is in the process of loading another onto the vessel Minerva Astra, according to Bloomberg tanker tracking.

The Trump administration has activated a naval blockade to stop sanctioned vessels in and out of Venezuela. Tensions ratcheted up last week when the US ...