Exclusive: Venezuelas PDVSA orders oil cargoes going to the U.S. to be prepaid

Venezuela`s state-run oil company PDVSA has ordered customers that have tankers waiting to load Venezuelan crude bound for the United States to prepay for those cargoes or they will not receive authorization to fill the vessels or leave the ports, three sources with knowledge of the decision told Reuters.

Washington earlier on Monday imposed new sanctions on PDVSA, stopping the company from collecting the proceeds of oil exported to customers in the United States.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)