Latest news with #HarrySargeantIII
Yahoo
29-03-2025
- Business
- Yahoo
Trump Rescinds US Oil Tycoon's License to Buy Venezuelan Asphalt
(Bloomberg) -- The Trump administration has rescinded a license allowing US energy magnate Harry Sargeant III to import asphalt from Venezuela, according to a source with direct knowledge of the matter. Gold-Rush Fever Returns to Historic New Zealand Mining Town Why Did the Government Declare War on My Adorable Tiny Truck? How SUVs Are Making Traffic Worse Trump Slashed International Aid. Geneva Is Feeling the Impact. These US Bridges Face High Risk of Catastrophic Ship Strikes Texas-based Global Oil Terminals, owned by Sargeant, must wind down operations in Venezuela by May 27, the person said Saturday. The company has until April 2 to pay any remaining debt owed to state oil company Petroleos de Venezuela. The Wall Street Journal reported late Friday that Sargeant's oil-trading company was ordered to leave Venezuela, citing a letter from the US Treasury Department. The Trump administration recently gave Chevron a May 27 deadline to wrap up its operations with Venezuela as a way to pressure President Nicolas Maduro's autocratic regime to make democratic reforms and accept more migrants from the US. Sargeant had initially obtained a two-year-waiver in May of last year, allowing Global Oil Terminals to purchase and transport asphalt to the US and the Caribbean region. A US Treasury press official didn't immediately respond to a request for comment. Business Schools Are Back Israel Aims to Be the World's Arms Dealer Google Is Searching for an Answer to ChatGPT Trump's IRS Cuts Are Tempting Taxpayers to Cheat A New 'China Shock' Is Destroying Jobs Around the World ©2025 Bloomberg L.P. Sign in to access your portfolio
Bloomberg
29-03-2025
- Business
- Bloomberg
Trump Rescinds US Oil Tycoon's License to Buy Venezuelan Asphalt
The Trump administration has rescinded a license allowing US energy magnate Harry Sargeant III to import asphalt from Venezuela, according to a source with direct knowledge of the matter. Texas-based Global Oil Terminals, owned by Sargeant, must wind down operations in Venezuela by May 27, the person said Saturday. The company has until April 2 to pay any remaining debt owed to state oil company Petroleos de Venezuela.
Bloomberg
29-03-2025
- Business
- Bloomberg
Trump Orders Global Oil Terminals to Leave Venezuela, WSJ Says
The Trump administration has ordered Republican donor Harry Sargeant III's oil-trading company to leave Venezuela, the Wall Street Journal reports. Global Oil Terminals is the second US oil company to lose the authorization to work in Venezuela after Chevron received a similar notice last month, the paper said. The firm has until May 27 to wind down its operations in the South American nation, the Journal reported.
Wall Street Journal
29-03-2025
- Business
- Wall Street Journal
Trump Orders GOP Donor's Oil Company to Leave Venezuela
Oil magnate Harry Sargeant III is a GOP donor well known for his back-channel efforts to temper hostilities between the U.S. and Venezuela. On Friday, the Trump administration ordered his oil-trading company to leave the South American country. Global Oil Terminals, part of a Florida conglomerate owned by Sargeant, is the second U.S. oil company to lose authorization to work in Venezuela, after Chevron CVX -0.34%decrease; red down pointing triangle received a similar notice last month.
