It appears that the US is relaxing sanctions against Venezuela to ameliorate the impact of its Russian sanctions:
The Biden administration said on Saturday it would lift a key oil sanction against Venezuela, marking the first significant crack in a years-long U.S. embargo that could eventually help ease the tight global energy market.
Chevron, the only remaining active U.S. oil company in Venezuela, is part of a joint venture with the country’s state oil company but has been barred by sanctions from operations there. Under a new Treasury Department license, it will be able to resume pumping oil. The limited license stipulates that any oil produced can only be exported to the United States. No profits from its sale can go to the Venezuelan state-owned company but must be used to pay off Venezuelan creditors in the United States.………
The official dismissed reports that the administration was acting to ease an oil shortage and high energy prices exacerbated by Russia’s invasion of Ukraine. “Allowing Chevron to begin to lift oil from Venezuela is not something that is going to impact international oil prices. This is really about Venezuela and the Venezuelan process,” the official said, where the United States is “supporting a peaceful, negotiated outcome to the political, humanitarian and economic crisis.”
Yeah, right, nothing to do with the effects of the war and the Russia sanctions.
If you believe that, I have some swamp land in Nebraska to sell you.
Also, this is not enough to get Venezuelan oil flowing again.
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