Page 31 - Pdvsa News Today

The threat of oil sanctions is causing shock and dismay in the local business community.

Analysts and executives fear that the reimposition of sanctions could lead to a reduction in Venezuela's oil revenue, making it harder for the country to meet its energy needs. The move could also discourage new energy investments and increase the risk of domestic fuel shortages.

The United States looks set to reimpose sanctions on Venezuela in April once the six-month sanctions relief agreement comes to an end.

The United States has announced it is pulling back part of the oil and gas sanctions on Venezuela in a move that would hurt the OPEC country's ability...

The potential reimposition of U.S. sanctions on Venezuela's oil and gas sectors looms large, signaling significant challenges for the nation's economy, including reduced oil revenue, hindered energy investments, and the risk of domestic fuel shortages, according to industry analysts and executives.

The U.S. will allow a six-month suspension on sanctions to expire in April if opposition candidate María Corina Machado is barred from running, and is also considering additional measures, according to the officials, who asked not to be identified discussing private deliberations.

The US on Monday started to reimpose sanctions on Venezuela by restricting its mining sector after the South American nation’s top court upheld the disqualification of an opposition presidential hopeful.

The U.S. presses President Maduro to let all opponents run for office and to release more political prisoners

A reimposition of U.S. sanctions on Venezuela's oil and gas sectors would hurt the OPEC country's ability to collect cash from its oil exports, crimp new energy investments and raise the risks of domestic fuel scarcity, analysts and executives said. Washington this week ordered a wind down of all business transactions between U.S entities and Venezuela's state miner Minerven, and said it would unwind in April its easing of energy sanctions if President Nicolas Maduro's admin...

JPMorgan has delayed a key decision on whether to lift the weighting of Venezuela's bonds in its widely-followed EMBI index series by a month, with the next update due by Feb. 29. The move came as the United States reintroduced some sanctions on Venezuela after President Nicolas Maduro's main opposition rival, Maria Corina Machado, was barred at the weekend from running in the upcoming elections. Venezuela's bonds and those of its state oil firm PDVSA have had a "zero weigh...