Venezuela oil minister says economy, oil industry under U.S. siege

JEDDAH, Saudi Arabia (Reuters) – Venezuelan Oil Minister Manuel Quevedo said on Sunday his country’s economy and oil industry was under economic and financial siege by the U.S. government.

“This therefore generates disturbances in the flow of oil supply to the world market as well as serious economic damage and suffering to the Venezuelan people,” he said in Jeddah, Saudi Arabia, ahead of a ministerial panel meeting of top OPEC and non-OPEC oil producers, including Saudi Arabia and Russia.

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