US EditionUS Eases Some Venezuela Oil Sanctions
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7 Articles
US Eases Some Venezuela Oil Sanctions
The U.S. Treasury Department on Jan. 29 issued a general license easing some sanctions on Venezuela’s oil industry, authorizing established American companies to engage in the sale, transport, and refining of the country’s crude shortly after Venezuelan lawmakers approved changes to the nation’s main oil law. General License No. 46 from the U.S. Office of Foreign Assets Control (OFAC) permits transactions ordinarily prohibited under Venezuela sa…
The decision enabled transactions related to export, refining and marketing of crude oil under specific conditions established by the Office of Foreign Assets Control
Oil prices retreat as U.S. eases Venezuela sanctions; set for large monthly gains
(Investing) – Oil prices fell Friday after the Donald Trump administration eased some sanctions on Venezuela’s energy industry, but were still heading for hefty monthly gains on heightened geopolitical tensions in the Middle East. At 08:55 ET (13:55 GMT), Brent oil futures for March fell 0.6% to $69.16 a barrel, and West Texas Intermediate crude futures fell 0.7% to $64.96 a barrel. While prices fell from a near six-month high, they were set to …
2:07 PM Less than a month after the US raid on Venezuela, the energy sector in the Latin American country is getting a facelift. The reform gives foreign companies more leeway, which the White House...
US eases oil sanctions on Venezuela: Expert notes “extraordinary” detailsUS takes new step to entice US oil companies to stick their noses into the Venezuelan underground
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