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Oil Markets Unaffected by Chaos in Venezuela, U.S. Crude Oil Sanctions

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SUGAR LAND, TEXAS-- February 11, 2019--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Crude oil prices rose by a few dollars per barrel in the days after the U.S. imposed sanctions on Venezuela's oil industry January 28. But those modest gains quickly slipped away, a sign of Venezuela's diminished importance as an oil superpower.

Within this article: Impact of U.S. sanctions on Venezuelan crude oil.

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Industry Segment: Production
Word Count: 674 Words
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