You get a day of sharply slumping oil prices and this this hits the wires ....

  • The US could start reimposing oil-focused sanctions on Venezuela if the country does not move toward commitments for free elections and release more political prisoners by 30 November, a US official said today.

The back ground to this is that back in mid-October the US administration lifted sanctions on Venezuela's oil and gas sector for six months. This was conditional on plans for a fair presidential election in 2024 and the release of Americans and other political prisoners it considers to be unjustly detained.

Venezuela appears to be backtracking on some of the undertakings.

More here.

oil venezuela 08 November 2023