Sanctions-Hit Venezuela Offers Big Discounts as Oil Prices Collapse: Traders

 Venezuela’s oil company PDVSA is this week offering discounts of up to $23 per barrel on its flagship crude, traders said, as a collapse in global oil prices puts more pressure on the state-run firm, already reeling from tightening U.S. sanctions. By Marianna Parraga and Luc Cohen. Full text-> The New York Times

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