Spain, Italy, Russia come to Maduro's rescue
Something quite extraordinary happened upon arrest of Alex Saab in Cape Verde: all the shells that had been lifting most of PDVSA crude (Libre Abordo, Proton SL, Schlager Business Group, Delta LLC) disappeared suddenly from shipping schedules. That tells the crucial role that Saab has in keeping PDVSA trading running. But Spain's Repsol and Italy's ENI, which in turn had nearly disappeared when Saab took over from Rosneft, are increasing their lifting activities.