The U.S. government is preparing to impose new measures as soon as next week to stifle Venezuela’s oil exports, including a move not to renew Chevron Corp’s ( CVX.N ) license to do business with state-run company PDVSA, sources familiar with the matter said. The United States imposed harsh sanctions on Venezuela in early 2019, in an effort to oust socialist President Nicolas Maduro, whose 2018 re-election was considered a sham by most Western countries. Venezuela’s oil exports have dropped by one-third since then, but more than a year on, Maduro remains in power, backed by Venezuela’s military as well as Russia, China and Cuba. Frustrated by the socialist leader’s grip on power, the Trump administration has increased pressure on Venezuela’s oil industry in recent weeks. The […]