Chevron (CVX) is in talks to resume supplies of crude from Venezuela to Valero Energy's (VLO) US refineries after the oil major received a new license from the US government, Reuters reported Tuesday, citing three sources close to the preparations.

Chevron is looking at resuming ship-to-ship transfer of the supplies off the island of Aruba to Valero, which could restart as soon as this month following mandatory inspections and the signing of vessel contracts, one of the sources told the news outlet.

The oil major is waiting for Venezuelan state company PDVSA to allocate cargoes for August delivery, according to the report.

Chevron and Valero did not immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 152.85, Change: +1.81, Percent Change: +1.20