U.S., VENEZUELA SANCTIONS ALWAYS
PLATTS - The Trump administration announced Monday that it will sanction PDVSA, Venezuela's state-owned oil company, a move that could suspend roughly 500,000 b/d of Venezuelan crude exports to US Gulf Coast refineries and shut down US exports of diluents to the South American nation.
US Treasury Secretary Steven Mnuchin attempted to downplay the impact of these sanctions on the oil market, claiming they were unlikely to have any impact on domestic gasoline prices. He said that Venezuelan oil comprises a "rather moderate portion" of US supply…
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