The United States told some large trading houses this week they should stop trading jet fuel with Venezuela or face sanctions, ratcheting up pressure aimed at removing Venezuelan President Nicolas Maduro from power, according to two industry sources.
According to the two sources familiar with the calls to several large Swiss- and British-based trading houses, which were made by US State Department officials, the move is aimed at restraining commercial and military flights in Venezuela.
The US officials said diesel trade with Venezuela was still considered legal for humanitarian reasons.
The US Department of State did not immediately respond to a request for comment.
The pressure, part of Washington's stalled effort to oust Maduro in favor of opposition leader Juan Guaido, follows similar requests made in March. US officials told global trading houses and oil refiners then to reduce dealing with Venezuela or face sanctions themselves, even if the traders were not prohibited by US sanctions.
US officials have been trying to end deliveries of gasoline and refined products used to dilute Venezuela's heavy crude oil to make it suitable for export.
As the United States boosts oil and natural gas output, it has increasingly been using its energy clout. At an energy conference in Houston in March, US Secretary of State Mike Pompeo laid out a vision of working with energy firms to isolate Iran and Venezuela.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
QFC new strategy is focusing on markets with growth potentials
Lukoil wants Opec+ kept forever; it’s got some convincing to do
US is targeting sub-Saharan Africa for first free-trade pact
Large Exxon shareholder starts divesting over climate change
Katitas sees big business opportunity in Japan’s 8mn empty homes
Asean leaders seek to bolster position in face of trade war
Dollar poised to slide into a ‘modest’ bear market, says Amundi
Trump blacklists more China tech companies days before Xi summit
Dish seeks a favour from FCC for T-Mobile-Sprint deal role