Earlier this week, we reported on the latest Hugo Chavez threat. By the next day, Venezuela’s state oil company said that it has stopped selling crude to Exxon Mobil Corp. This was a direct response to A US court freezing $12bn of State Venezuelan assets until the verdict of an international tribunal. Venezuela is saying that Exxon never invested that much money and that their actual assets value at $1.2bn.

Exxon gets (or got) about 5% of its crude oil from Venezuela.

Via / BBC y CNN