United States considers hitting Venezuela with oil embargo | WHAT REALLY HAPPENED

United States considers hitting Venezuela with oil embargo

The White House National Security Council has told some US refiners that sanctions on Venezuelan crude exports are under consideration, S&P Global Platts reported, citing sources familiar with the issue.

The effort would likely focus on the roughly 500,000 barrels per day (bpd) of crude that Venezuela exports to the United States, according to Joe McMonigle, an analyst with Hedgeye Risk Management.

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