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Fuel Rationing Plunges Oil-Rich Venezuela Deeper Into Crisis

From bnnbloomberg.ca

Venezuela is once again shuttering gas stations across the country as the chronic shortage of fuel deepens due to ailing refineries and crippling sanctions limiting imports into the country. State oil company Petroleos de Venezuela SA is rationing fuel nationwide, according to a person familiar with the matter, who asked not to be identified because the information isn’t public. The move is partially a result of two of the country’s biggest refineries suffering serious breakdowns in recent weeks amid sweeping U.S. government sanctions banning the sale of gasoline to the country. The shortage has deepened since Iran ... (full story)

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