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MRubio

(285 posts) Thu Feb 28, 2019, 05:09 PM Feb 2019

Venezuela's oil exports drop 40 percent after U.S. sanctions - data

Source: Reuters

Venezuela’s oil exports sank 40 percent in the first full month after the beginning of U.S. sanctions designed to oust Socialist President Nicolas Maduro, according to data from state-run oil firm PDVSA and Refinitiv Eikon.

On Jan. 28, President Donald Trump’s administration barred U.S. customers from paying for Venezuelan oil until a new government being formed by the nation’s congress head Juan Guaido could be established to accept the proceeds.

Venezuela’s exports since then have dropped to 920,000 barrels per day (bpd) of crude and fuel, the data shows. That is down from between 1.47 million and 1.66 million bpd of crude and fuel in the prior three months, the data show.

Almost 70 percent of Venezuela’s oil shipments since Jan. 28 have gone to PDVSA’s clients in Asia, with India rising to first place among top destinations, followed by Singapore and China. Singapore is a hub for storage, trans-shipment and re-exports.

Read more: https://uk.reuters.com/article/uk-venezuela-politics-oil/venezuelas-oil-exports-drop-40-percent-after-u-s-sanctions-data-idUKKCN1QH2PD?rpc=401&

Good.

10 replies

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Highlight:

Venezuela's oil exports drop 40 percent after U.S. sanctions - data (Original Post) MRubio Feb 2019 OP

Doesn't anybody understand what sanctions do to the little people? rickyhall Feb 2019 #1

They don't care. Miguel M Feb 2019 #2

Yes - but they were Poppy Bush's sanctions. sandensea Feb 2019 #4

You should see Chavez's 21st Century Socialism in action........ MRubio Feb 2019 #6

We were their main buyer of oil. Yet the little people are already dying. GulfCoast66 Feb 2019 #7

Well, Maduro is killing the little people. oldsoftie Feb 2019 #8

And Our Gas Prices Have Gone Up 40 Cents A Gallon In That Same Time Frame DallasNE Feb 2019 #3

And guess who else is happy about that: sandensea Feb 2019 #5

Bingo stopwastingmymoney Mar 2019 #9

Why, thank you. sandensea Mar 2019 #10

rickyhall

(4,889 posts)

1. Doesn't anybody understand what sanctions do to the little people?

Reply to MRubio (Original post)

Thu Feb 28, 2019, 05:14 PM

Feb 2019

Clinton's sanctions on Iraq killed half a million kids or something like that.

Miguel M

(234 posts)

2. They don't care.

Reply to rickyhall (Reply #1)

Thu Feb 28, 2019, 05:19 PM

Feb 2019

If they did, they get shut down.

The cable networks kicked off all the hosts that were fairly evaluating the stories that led to the invasion.

sandensea

(21,636 posts)

4. Yes - but they were Poppy Bush's sanctions.

Reply to rickyhall (Reply #1)

Thu Feb 28, 2019, 05:26 PM

Feb 2019

Clinton actually alleviated them by approving the UN's Oil-for-Food program in '95 (much maligned by the GOPee, you may recall).

MRubio

(285 posts)

6. You should see Chavez's 21st Century Socialism in action........

Reply to rickyhall (Reply #1)

Thu Feb 28, 2019, 05:31 PM

Feb 2019

.............I'll see if I can find that link to child mortality rates here, that is, before the government suspended issuing them all together to hide the data.

In the land of tyranny, the truth is treason:

Venezuela health minister fired over mortality stats

Venezuela has sacked Health Minister Antonieta Caporale after her department released statistics revealing a large jump in infant and maternal mortality.

Vice-Minister of Hospitals Luis López has been appointed to take over, according to state media.

The ministry's report showed the number of women dying in childbirth had risen by 65%, while child deaths were up 30%.

The national figures were released after almost two years without official data.

They also showed a jump in illnesses such as malaria and diphtheria.

https://www.bbc.com/news/world-latin-america-39896048

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She's lucky she wasn't tossed in jail, though I'd not be surprised that her family was visited by SEBIN agents.