IEA Chief: Too Early To Assess Impact Of Latest U.S. Sanctions On Venezuela

The International Energy Agency (IEA) has yet to assess the impact of the latest U.S. sanctions on Venezuelan oil supplies, its executive director said on Jan. 30.

“Far too early to speak about Venezuela and we are following the events very closely,” Fatih Birol told Reuters on the sidelines of an industry event in New Delhi.

The Trump administration on Jan. 28 imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA, aimed at curbing the OPEC member’s crude exports to the United States and pressuring Nicolas Maduro to step down as president.