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US To Ease Some Oil-Related Sanctions On Venezuela

ENERGY SECURITY

Reuters carrying comments from a senior US State Department official stating that the US will ease some oil-related sanctions on Venezuela, "beginning almost immediately" in response to "Tuesday's election deal between Venezuela govt and opposition."

  • Official: "US is issuing licenses to broadly ease sanctions on Venezuela's oil and gas sector, including its business with Caribbean nations."
  • Official: "US is optimistic current engagement with Venezuela will lead to release of political prisoners and wrongfully detained Americans in the ‘near term.'"
  • Official: "US is prepared to reverse easing of sanctions on Venezuela if it fails to take steps including lifting bans on opposition presidential candidates and release of political prisoners."
  • The sanctions relief comes after two-days of talks between Venezuelan government officials and members of the opposition in Barbados aimed at laying the groundwork for free elections next year.
Political Market NewsPolitical RiskCommoditiesPolitical Risk BulletEnergy BulletsPower Bullets
Political Market NewsPolitical RiskCommoditiesPolitical Risk BulletEnergy BulletsPower Bullets

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