For months, the U.S. has signaled that it isn’t ruling out additional sanctions on Venezuela’s oil industry alongside the strict financial sanctions already in place, and oil analysts say that the United States could target Venezuela’s oil industry after the May 20 presidential election that Nicolas Maduro has called and that is seen as a sham by many countries in the Americas. “Maduro will win as the election is rigged and it won’t be fair. The more important question is how the U.S. will react after the official results,” Tamas Varga, analyst at PVM Oil Associates, told CNBC in a phone interview. “If U.S. refineries are forbidden from buying Venezuelan crude then you’d have to imagine the country is in trouble,” Varga noted. The U.S. has so far refrained from slapping sanctions on Venezuelan oil because U.S. refineries along the Gulf Coast import oil from the crisis-stricken country. Another […]