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Venezuelan Oil Output to Fall 30% Under Renewed US Sanctions

Thursday, February 1, 2024   (0 Comments)
Posted by: Annie Nguyen

Venezuelan Oil Output to Fall 30% Under Renewed US Sanctions

 

(Bloomberg) -- Venezuelan oil production at a four-year high is expected to decline quickly if the US follows through on threats to reinstate sanctions on the nation.

The Biden administration on on Tuesday said sanctions relief to Venezuela’s oil and gas sector will be allowed to expire on...

 

https://www.bnnbloomberg.ca/venezuelan-oil-output-to-fall-30-under-renewed-us-sanctions-1.2028500


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