EAI brief: Treasury comments on Venezuelan general license, benefits for the US and Venezuela

ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 18.Mar.2026, Words: 137) — The US Treasury Department’s Office of Foreign Assets Control (OFAC) issued a license broadly authorizing established US entities to engage in many types of transactions with Venezuela’s state-owned Petróleos de Venezuela, S.A. (PDVSA), and its subsidiaries. 

The license will benefit both the US and Venezuela, while supporting the global energy market by increasing the supply of available oil.