05/20 Closing Prices / revised 05/21/2025 16:40 GMT | 05/20 OPEC Basket Price  $65.01 +$0.36 cents | 05/20 Mexico Basket (MME) $58.66 -$0.01 cents   04/30 Venezuela Basket (Merey)  $ 56.72   -$2.78 cents 05/20 NYMEX Light Sweet Crude $62.03 -$0.11 cents | 05/20 ICE Brent  $65.38 -$0.16 cents 05/20 RBOB Gasoline NY Harbor  $2.1521 +0.0133 cents | 05/20 Heating Oil NY Harbor  $2,1289 +.0.0012 cents | 05/20 NYMEX Natural Gas  $3.427 +0.314 cents | 05/16 Baker Hughes Rig Count (Oil & Gas)  576 -2 | 05/21 USD – Dollar/MXN  19.3154 (data live) 05/21 EUR – USD  $1.1342 (data live)  05/21 US/Bs. (Bolivar)  $94.85560000 (data BCV) Source: WTRG/MSN/Bloomberg/MarketWatch/Reuters

U.S. Citizen Freed from Venezuelan Detention Amid Chevron License Talks

Grenell negotiates St. Clair’s release in Antigua. Chevron’s license extension offer linked to negotiations

Air Force veteran Joseph St. Clair released after months of detention in Venezuela / Reuters
Air Force veteran Joseph St. Clair released after months of detention in Venezuela / Reuters

Reporting by Vivian Sequera and Marianna Parraga, Reuters

CARACAS/HOUSTON
EnergiesNewt.com 05 21 2025

A U.S. citizen who had been detained for months in Venezuela is back in the United States, U.S. President Donald Trump envoy Richard Grenell said on Tuesday, after the freed man’s family said he had been handed over to U.S. authorities.

“Joe St. Clair is back in America,” Grenell said in a post on X, adding he had met Venezuelan officials in “a neutral country” earlier in the day to negotiate.

The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here.

Earlier on Tuesday, Venezuela Information Minister Freddy Nazareth Nanez said in a message to Reuters that Air Force veteran Joseph St. Clair had been released to Grenell on the Caribbean island of Antigua.

Grenell had met there with Jorge Rodriguez, the head of Venezuela’s ruling party-allied legislature, two sources told Reuters.

“This news came suddenly, and we are still processing it – but we are overwhelmed with joy and gratitude,” St. Clair’s parents said in a statement.

The family’s statement said St. Clair had been wrongly detained in Venezuela since November 2024.

The U.S. State Department did not immediately respond to a request for comment, nor did the White House.

The sources said Grenell had offered to extend by 60 days the wind-down period for a license allowing U.S. oil company Chevron (CVX.N), opens new tab to operate in the country. It had been set to expire on May 27.

Advertisement · Scroll to continueReport This Ad

Bloomberg originally reported the meeting and Grenell’s offer on Tuesday, citing a single, unnamed source.

The 60-day extension would need to be approved by the U.S. Treasury Department and State Department.

If granted, the extension would not necessarily lead to the resumption of its exports of Venezuelan oil to the U.S.

Venezuela’s state-owned PDVSA canceled cargoes to the company in April over payment uncertainty, a situation that has not been resolved. Chevron must pay royalties, taxes and a portion of its joint ventures’ operating expenses in Venezuela in order to get access to crude cargoes.

Treasury did not immediately respond to a request for comment about the possible extension.

Grenell in January returned from a meeting with Maduro in Caracas with six American citizens, who had been held in Venezuela.

Reporting by Vivian Sequera in Caracas and Marianna Parraga in Houston, additional reporting by Daphne Psaledakis and Timothy Gardner in Washington Writing by Julia Symmes Cobb and Sarah Morland Editing by Sandra Maler

reuters.com 05 20 2025

Share this news

Leave a Comment


 EnergiesNet.com

About Us

 

By Elio Ohep · Launched in 1999 under Petroleumworld.com

Information & News on Latin America’s Energy, Oil, Gas,
Renewables, Climate, Technology, Politics and Social issues

Contact : editor@petroleuworld.com


CopyRight©1999-2024, Petroleumworld.com
, EnergiesNet.com™  /
Elio Ohep – All rights reserved
 

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission fromPetroleumworld or the copyright owner of the materia

 

Energy - Environment

No posts found!

Point of View

EIA Total Energy Review
This Week in Petroleum