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The U.S. is preparing to prioritize issuing limited licenses to operate in Venezuela to companies with existing oil production and assets over those seeking to enter the sanctioned OPEC nation for the first time, two people close to the discussions said. The move appears designed to encourage companies that have projects frozen because of U.S. sanctions, such as Italy's Eni and Spain's Repsol, to expand operations, recoup pending debt and add oil to global markets. It will, however, avoid licensing firms with no prior investments in the country, putting a cap on how much revenue Ve...

The U.S. is considering issuing restricted licenses to some oil companies that are already operating in Venezuela, allowing them to bring Venezuelan oil to market despite sanctions.

The Mexican government has stepped up its operations to prevent migrants from reaching the U.S.

In April, the United States did not renew Venezuela's general license to export oil and fuel to its designated markets, and corporations were given 45 days to complete agreements.

Indian oil refiner Reliance Industries has resubmitted a request to the US for authorization to import crude oil from Venezuela, allowing it to resume oil trade between the OPEC producer and Venezuela. French oil producer Maurel & Prom has also been granted a license to conduct oil and gas operations in Venezuela for the next two years. The US did not renew a general license for Venezuela to export oil and fuel to its chosen markets in April, but some individual authorizations to foreign firms seeking to do oil business with Venezuela would be issued.