The United States is mulling over more sanctions against Venezuela, but crude oil exports will not be among the sanction subjects, Reuters reports , quoting a Washington official. The source said Venezuela’s oil production is already in a steady decline, suggesting it doesn’t need an additional push to sink to the bottom. Talk about sanctioning Venezuelan oil exports has been on the table ever since Washington began to step up the pressure on Caracas, blaming it for human rights violations and being responsible for the economic crisis that hit Venezuela when oil prices began falling in 2014. Yet the Trump administration never made good on its threats to sanction oil exports. Now, according to this source, there is no point in doing it. “The fact is that the greatest sanction on Venezuelan oil and oil production is called Nicolas Maduro, and PDVSA’s inefficiencies,” the official told Reuters. “At the […]