The Biden administration is considering a Chevron Corp (CVX.N) proposal to allow the U.S. oil major to accept and trade Venezuelan oil cargoes to recoup unpaid debt, four people close to the discussions said. Chevron representatives in recent months held at least one high-level meeting with U.S. diplomats along with Venezuelan opposition envoys, according to two of the people. They described it as a milestone in the company’s year-long lobbying efforts to win a change in its license to operate in Venezuela. No decision was reached, said two sources in Washington who declined to be identified, and a timetable for further review remains unclear. Chevron wants Washington to reinstate trading privileges it enjoyed for a time under former President Donald Trump’s administration. The company and […]