Trump Administration Considering Venezuela Oil Sanctions – Platts

Instant Max AI

(Seeking Alpha, Carl Surran, 16.Jan.2019) — The White House National Security Council has told some U.S. refiners that sanctions on Venezuelan crude exports are under consideration, a signal that opposition to sanctions on Venezuela’s oil sector may be weakening, S&P Global Platts reports.

While the Trump administration has sanctioned state-owned oil company PDVSA, it has resisted direct sanctions on oil flows.

Venezuela exports ~500K bbl/day of crude to the U.S.; Citgo, Chevron, PBF Energy and Valero are the largest U.S. refiners of Venezuelan crude.

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