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LatinNews Daily - 28 May 2019

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In brief: Venezuela

* Venezuela’s state-owned oil firm Pdvsa has released a statement in which it assures that it can guarantee petrol fuel supplies across the entire country. The statement comes amid reported fuel shortages in various Venezuelan states, with some motorists having to queue for up to a day to fill up their tanks. The shortages have been attributed to falling oil production at Pdvsa as well as to the economic sanctions imposed on the firm by the US government as part of its efforts to pressure the de facto president, Nicolás Maduro, to step down. The Pdvsa statement says that the firm and the Maduro government is working hard to ensure fuel supplies across the country and calls on motorists not to resort to ‘panic buys’ that would only exacerbate the current shortage.