WASHINGTON, United States (AFP) — The United States imposed sanctions on Venezuela’s state oil company PDVSA on Monday in the latest effort to ramp up pressure on the country’s President Nicolas Maduro. Treasury Secretary Steven Mnuchin said the sanctions prevented Maduro from diverting more resources from the crisis-damaged country until control in Caracas could be transferred to an interim government or new democratically-elected government. However, Mnuchin said PDVSA’s US-based subsidiary Citgo would be able to […]
Tag: Firm
Energy firms hit by oil dive, N. Korea crisis fuels uncertainty
HONG KONG, China (AFP) — Asian energy firms sank Thursday following a plunge in oil prices while equity traders remained on edge after North Korea’s latest missile test and warnings from the United States it would use force to deal with the nuclear-armed state. Crude fell around four percent Wednesday on renewed concerns about a global supply glut that overshadowed data pointing to a drop in US stockpiles. Investors are worried that an output cut […]





