July 25, 2024

U.S. discussing non-renewal of Chevron’s Venezuela waiver, moves to cut oil trade -sources

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According to the sources, who spoke on condition of anonymity, Washington has already told some of PDVSA’s customers to stop oil-for-fuel swaps if they want to fully comply with new sanctions. Companies taking Venezuelan oil as repayment for debt could also have to cease those transactions. By Marianna Parraga and Humeyra Pamuk and Matt Spetalnick. Full text-> Financial Post

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