Venezuela-Exxon dispute incandesced, triggering oil market concerns

Venezuelan Energy and Oil Minister Rafael Ramirez, who is also head of the PDVSA, vowed to fight back, calling the ruling 'judicial terrorism.' 'If they think that with this (ruling) they will get us to backtrack on our nationalization policies, well, gentleman from Exxon Mobil, you are deadly wrong again,' Ramirez told reporters in Venezuelan capital on Friday. 'We are not surprised by the attitude of Exxon Mobil,' he said.'What's surprising is that a business that boasts around the worldof its levels of seriousness and operations would try to drag us down with judicial terrorism.'"