Venezuela desperate to keep US purchases of oil

Miami Herald:
As chaos envelops Venezuela, Caracas spends millions on lobbyists in Washington

...
U.S. sanctions on Venezuela’s oil market could have major financial implications for the Maduro regime and for average Venezuelans. Although Venezuelan crude makes up a small fraction — about 8 percent in 2016 — of all U.S. oil imports, the U.S. buys nearly half of Venezuela’s oil, and oil revenues account for 95 percent of Venezuela’s export earnings, according to OPEC.
...
This is why President Trump's sanction threat is being taken seriously in Venezuela where the regime has run the economy into the ground.

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