BUSINESS

Venezuela Cuts Oil Supply To Exxon

03/28/2008 02:45 am ET | Updated May 25, 2011

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."

Read more on CNNMoney

Suggest a correction