mo4ch:>United States considers hitting Venezuela with oil embargo | Mo4ch News

The White House National Security Council has told some US refiners that sanctions on Venezuelan crude exports are under consideration, S&P Global Platts reported, citing sources familiar with the issue.The effort would likely focus on the roughly 500,000 barrels per day (bpd) of crude that Venezuela exports to the United States, according to Joe McMonigle, an analyst with Hedgeye Risk Management.Also on rt.comVenezuela drops US dollar, will use euro for international transactionsIn October, US refiners imported an average of 505,870 bpd of Venezuelan crude, down from about 629,480 bpd in September.McMonigle told Platts: “The hawks are in charge now and they want to get tough on Venezuela. If they’re going to do something, they’re going to go for the toughest thing right away.”Two years ago, the US imposed sanctions prohibiting trading new debt and equity issued by the Venezuelan government and state oil company, PDVSA. The Department of Treasury has also introduced several rounds…