Venezuela wants euros for some fuel exports: source

CARACAS, March 13 (Reuters) – Venezuela is requiring payment in euros for some fuel exports, an industry source told Reuters on Thursday, a sign the OPEC nation may be easing away from the plummeting dollar.

A trader on Thursday told Reuters he had purchased an oil products cargo under a contract issued recently.


“Everyone who has that contract has to pay in euros,” said the source, who asked not to be identified.

Anti-U.S. President Hugo Chavez has repeatedly bashed Washington for allowing the dollar to slump to historic lows and urged OPEC nations to consider switching oil pricing to a basket of currencies to improve their purchasing power.

Guardian