Venezuelan oil sanctions could create a void that American shale can't fill
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US hits Venezuela with oil sanctions to press Maduro exitWASHINGTON (AP) — The Trump administration imposed sanctions Monday on the state-owned oil company of Venezuela, a potentially critical economic move aimed at increasing pressure on President Nicolas Maduro to cede power to the opposition in the South American nation. Maduro's increasingly isolated government would lose access to one of its most important sources of income and foreign currency along with around $7 billion in assets of Petroleos De Venezuela S.A. under the sanctions announced by Treasury Secretary Steven Mnuchin and national security adviser John Bolton.
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US hits Venezuela state-owned oil company with sanctionsWASHINGTON (AP) — The Trump administration imposed sanctions Monday on the state-owned oil company of Venezuela, a potentially critical economic move aimed at increasing pressure on President Nicolas Maduro to cede power to the opposition.
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Mnuchin announces sanctions targeting Venezuela's state-owned oil companyWhite House press secretary Sarah Sanders will answer reporters' questions, just days after the longest government shutdown ended. Follow here for the latest.
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The Latest: Rubio says US to sanction Venezuela's oil coCARACAS, Venezuela (AP) — The Latest on the political crisis in Venezuela (all times local): 4:30 p.m. Sen. Marco Rubio says the U.S. will hit Venezuela's state-owned oil company with sanctions aimed at increasing pressure on President Nicolas Maduro to step down from office. The Florida Republican and two people briefed on the administration's plans say Treasury will impose penalties as early as Monday on the company known by its acronym PDVSA. The sanctions will include a freeze on any assets the firm may have in U.S. jurisdictions and bar Americans from doing business with it. The two people briefed on the sanctions were not authorized to discuss the matter publicly and spoke on condition of anonymity. Rubio praised the Trump administration for taking the action, which follows its earlier decision to recognized opposition leader Juan Guaido as the interim president. — Matthew Lee in Washington.
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U.S. to Place Sanctions on Venezuela’s State-Owned Oil CompanyThe U.S. announced it will place sanctions on Venezuela’s state-owned oil company, saying the move will block $7 billion in assets and halt oil payments to President Nicolás Maduro.
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Factbox: U.S. sanctions on Venezuela's oil industryThe United States imposed heavy sanctions on Venezuela's oil industry on Mo...
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