Repsol Stock Drops, EU Responds

This is a Washington news story, published by MSN, that relates primarily to Harry Sargeant III news.

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Venezuelan oil

ELMUNDOAMERICA

•

World

Repsol suffers in the stock market after Trump revokes permits to export crude oil from Venezuela, and the Government says it will stand by its side

Summary

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77% Informative

Repsol fell more than 2.6% at the opening of the stock market, around 9:05 a.m. , to stand at 12.13 euros per share.

Washington 's decision includes the U.S. oil company Global Oil Terminals , owned by the millionaire and Republican Party donor Harry Sargeant III ; the French Maurel et Prom and the aforementioned Repsol, according to three sources familiar with the matter cited by Bloomberg .

These companies must cease their operations in Venezuela before May 27 , explain the sources.

Spain 's role is fundamental at this moment, in this very complicated geopolitical context, Saiz said.

Saiz insisted that the Government is "monitoring the situation" and analyzing responses "proportionate, united, and fair" The minister explained that the Ministers of Economy and Industry are in contact with the sectors affected by Trump 's decisions.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful