Monday, February 11, 2019

Venezuelan President Maduro Wants OPEC Support Against U.S. Sanctions

Reuters: Exclusive: Venezuela's Maduro seeks OPEC help against U.S. sanctions - letter

MOSCOW/LONDON (Reuters) - Venezuela’s Nicolas Maduro has sought OPEC support against U.S. sanctions imposed on his country’s oil industry, citing their impact on oil prices and potential risks for other members of the producer group.

But a source familiar with the matter said the Organization of the Petroleum Exporting Countries, of which Venezuela is a founding member, had declined to make any formal statement. OPEC says it is concerned with oil policy, not politics.

More than 40 nations including the United States, European powers and most of Latin America have recognized Maduro’s rival, Juan Guaido, as the country’s rightful head of state, following disputed elections last year.

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WNU Editor: OPEC's members are going to do nothing. With Venezuelan oil being shut-out, they see this as an opportunity for prices to rise, and to grab Venezuela's customers.

More News On The Crisis In Venezuela

Maduro Asks OPEC For Help As U.S. Sanctions Bite --
Oil workers flee Venezuela’s crisis for a better life -- AP
President Maduro launches 'biggest military drills in Venezuela's history' as he warns the country 'must prepare to defend its sovereignty, territorial integrity and independence' -- Daily Mail
Russia: Venezuela hasn't asked for military assistance -- FOX News/AP
Venezuela's Guaido warns military on blocked aid -- AFP
Venezuela’s Guaido Blasts Government Aid Blockade -- VOA
As Maduro Digs In, His Aides Hunt for an Emergency Escape Route -- Bloomberg
Venezuela's Nicolas Maduro: Where Could He Escape? -- Bloomberg

1 comment:

Roger Smith said...

The sharks smell blood.