The Trump administration is considering a ban on oil imports from Venezuela, sources told Bloomberg, as part of a spate of sanctions to punish President Maduro.
Potential disruptions? Venezuela is the third-biggest supplier of oil imports to the U.S., and Gulf refiners like Valero (NYSE:VLO), Chevron (NYSE:CVX) and Phillips 66 (NYSE:PSX) have spent millions tailoring their plants to use its unique brand of heavy, tar-like crude.
This is another one of those tough things. Venezuelans already have it rough enough with their government getting oil money, what happens if that money stops flowing in? What do you guys think?
