In Caracas, state-owned PDVSA signs an agreement with Spain's Repsol to increase oil and gas production in Venezuela. The Spanish giant says it "will continue to do business in Venezuela" and that the South American country will receive "all the economic wealth" from oil. This comes as the United States says it will reinstate sanctions on Venezuela's oil and gas trade after President Nicolas Maduro's government continued its repression of opponents, leading the president of Venezuela's National Assembly to respond that the US is "shooting itself in the foot." IMAGES AND SOUNDBITES