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9 airlines have suspended operations in Venezuela since 2014

Monday, July 10, 2017

White House Unlikely to Sanction Venezuelan Crude


U.S. officials have not made any decisions on what, if any, sanctions may be imposed on Venezuela, but they have serious concerns about the impacts of a crude embargo on domestic gasoline prices and the economy as a whole, said the person, who requested anonymity because the decision hasn’t been announced yet. The administration’s caution comes as refiners lobby in Washington against the move, which would choke off supplies to U.S. refineries reliant on Venezuelan crude, including those owned by Valero Energy Corp., Phillips 66 and Chevron Corp. More…

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