Oil Remains Outside Scope Of U.S. Sanctions For Venezuela

The United States is mulling over more sanctions against Venezuela, but crude oil exports will not be among the sanction subjects, Reuters reports, quoting a Washington official. The source said Venezuela’s oil production is already in a steady decline, suggesting it doesn’t need an additional push to sink to the bottom. Talk about sanctioning Venezuelan oil exports has been on the table ever since Washington began to step up the pressure on Caracas, blaming it for human rights violations and being responsible for the economic crisis…