Venezuela Cuts Oil Supply To Exxon

Venezuela Cuts Oil Supply To Exxon

Venezuela's state oil company said Tuesday it has stopped selling crude to Exxon Mobil and has suspended commercial relations with the U.S.-based oil company.

State-run Petroleos de Venezuela, or PDVSA, said in a statement that it "has paralyzed sales of crude to Exxon Mobil." It said the decision was made "as an act of reciprocity" for the company's "judicial-economic harassment."

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