Venezuela Suspends Oil Exports ...Middle East

Venezuela’s PDVSA has suspended most of its crude oil exports for a review of the contractual terms that will be conducted under the new head of the company. The review aims to make sure there will be no payment defaults, Reuters reports, noting that since the imposition of U.S. sanctions on the trade in Venezuelan, PDVSA has had to resort to middlemen to market its oil and this has created complications with payments. Sanctions on Venezuelan oil trade were introduced in 2019 by the Trump administration, and the Biden administration’s…

Hence then, the article about venezuela suspends oil exports was published today ( Wednesday 18/01/2023 - 10:24 AM ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Venezuela Suspends Oil Exports )

Also on site :

• Aramco and Pasqal launch Saudi Arabia's first Quantum Computer and Middle East's first commercial Quantum Computing as a Service platform
• Higher Oil Prices Have Cost U.S. Consumers $45 Billion Since Iran War Began
• EQT selected to lead the Scaleup Europe Fund