• Venezuelan Oil Minister Manuel Quevedo Situation in Venezuela affects oil market

Market news

12 February 2019

Venezuelan Oil Minister Manuel Quevedo Situation in Venezuela affects oil market

  • Exchange of crude and products is a way of handling trade.

  • Seeking cooperation from friendly nations to fight the US sanctions.

  • We redirect oil flows to other markets.

  • Current oil exports 1.2-1.3 mln bpd.

  • Constantly monitoring oil prices.

  • The world is not only dollar and the US.

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