The Trump Administration is unlikely to grant U.S. supermajor Chevron another waiver to operate in Venezuela as the United States is increasing pressure on Nicolas Maduro’s regime, Bloomberg reported on Thursday, quoting people familiar with the issue. Chevron, the last remaining U.S. oil firm with operations in Venezuela, last month obtained a waiver extension by the U.S. Administration to continue operations in the Latin American country for another three months until April 22. However, the U.S. has stepped up sanctions pressure on Venezuela’s oil industry since January, and Chevron’s waiver probably will not be extended beyond April, Bloomberg’s sources said. At the beginning of February, the U.S. warned companies doing business with Venezuela, including Rosneft and even Chevron, to “tread cautiously towards their activities in Venezuela,” because more sanctions on Maduro’s regime would be coming. Two weeks later, the United States slapped sanctions on a Geneva-based trading unit of […]