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Trump administration considering Venezuela oil sanctions - Platts

Published 01/16/2019, 12:43 PM
© Reuters.  Trump administration considering Venezuela oil sanctions - Platts
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  • 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 (NYSE:SPGI) 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 (NYSE:CVX), PBF Energy (NYSE:PBF) and Valero (NYSE:VLO) are the largest U.S. refiners of Venezuelan crude.
  • Now read: Valero Energy - This Oil Refining Stock Offers Value


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