Venezuela studying partial force majeure after US sanctions: oil minister

CARACAS (Reuters) - Venezuela is studying several measures to react to new U.S sanctions against state-run oil firm PDVSA including partial force majeure, Oil Minister Manuel Quevedo said on Tuesday.

Quevedo told a news conference that oil tankers leaving Venezuelan ports must pay for crude before departing. The Trump administration announced sweeping sanctions on PDVSA on Monday aimed at driving President Nicolas Maduro from power....

read more from finance.yahoo.com