WEAK VENEZUELA SANCTIONS
OGJ - US sanctions against Venezuelan state oil company Petroleos de Venezuela SA (PDVSA) will deal a meaningful blow to President Nicolas Maduro's administration's cashflow, but the effects will not be as harsh as the US expects, according to Rystad Energy.
"Administration officials reportedly said the sanctions would result in more than $11 billion in export losses for Venezuela over the next year, but I believe this figure will be substantially lower," Rystad Energy analyst Paola Rodriguez-Masiu said.
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