US Eases Sanctions on Venezuelan Oil Amid Global Energy Pressures
The U.S. Department of the Treasury has issued a new license relaxing certain trade restrictions, officially allowing American companies to resume transactions with Venezuela’s state-owned oil corporation, Petróleos de Venezuela S.A. (PdVSA), and its affiliates. According to the Treasury’s Office of Foreign Assets Control (OFAC), the United States is working alongside the Venezuelan government “to […]