VENEZUELA CRISIS: US sanctions to PDVSA

VENEZUELA CRISIS: US sanctions to PDVSA: President Trump imposed on Monday JAN 28 sanctions on Venezuelan state-owned oil firm PDVSA as part of further pressure on the government of Venezuelan socialist president Nicolás Maduro. Venezuela, the world’s fifth largest oil exporter and OPEC member, depends largely on its oil export revenue. In the first sign of serious retaliation for the sanctions, three sources with knowledge of the decision said PDVSA had ordered customers with tankers waiting to load Venezuelan crude bound for the U.S to prepay for the cargoes or they will be authorized to fill the vessels or leave the ports…

 

 

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