VENEZUELA'S OIL PRODUCTION: BELOW 1 MBD
PLATTS - The US issued new Venezuela sanctions Tuesday ahead of President Nicolas Maduro's inauguration, but analysts said additional actions, which could impact crude flows, are still being considered as the South American country's oil output is forecast to dip below 1 million b/d later this year.
The sanctions, which the US Treasury Department announced Tuesday, target seven individuals and two dozen entities, including the television news network Globovision and its owner, Raul Gorrin.
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