Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
Search
Related Articles
Russia finds the ships to access new product markets
Refining runs and questions over blending—not vessel availability—are likely to determine Russian product export volumes
Dangote mystery cannot be solved soon enough for Nigeria
The refinery project is well-advanced but is unlikely to be online in time to help alleviate a forecast gasoline supply squeeze this summer
Letter from Venezuela: A long journey back from the oil wilderness
Lifting sanctions may still be a bridge too far in becoming a sustainable supplier of crude to the US
Global LNG analysis report 2023 – Part 3
The third part of this deep-dive analysis looks at liquefaction and regasification developments in the Europe and Russia
Azerbaijan cranks up volume as Russian gas alternative
But threat of war, poor governance and regional rivalries hamper Azeri dream of tapping into Central Asian reserves
Europe’s confidence on gas may be premature
The region has made significant progress on reducing exposure to Russian gas, but despite rosy assessments by politicians, challenges remain
Letter from South America: Washington softens Caracas stance
Trinidad & Tobago’s position as a Caribbean gas hub seems more secure following US permission for it to access Venezuela’s Dragon field
Russian sanctions not watertight
Moscow will likely still be able to find buyers and ships for its exports of crude and products despite the measures
Nigeria heads for crucial elections
The country’s next president faces an uphill battle to revive the struggling oil and gas sector
Russia sanctions to create oil market slowburn
Venezuela and Iran offer clues to potential effectiveness of the measures
Venezuela needs investment in new wells
Opinion
Politics Venezuela Russia
Jose Chalhoub
Caracas
8 March 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Letter from Venezuela: A long journey back from the oil wilderness

Lifting sanctions may still be a bridge too far in becoming a sustainable supplier of crude to the US

There is a great irony in the fact that sanctions-blighted Venezuela has some wiggle room in exporting crude to the US given it would be replacing Russian barrels. But the irony may be moot given the difficulty the Latin American country would have in, first, getting sanctions lifted further and, second, ramping up supplies even if restrictions were eased. After the Biden administration looked to bring in new sources of crude imports following the ban on Russian oil, it decided in November 2022 to give Chevron a six-month licence to expand operations and export Venezuelan oil to the US. But strained relations between Caracas and Washington mean there is unlikely to be a flurry of new opportu

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Goldman’s Currie interview part 1 – Banking crisis to slow, not derail, oil’s upward trajectory
27 March 2023
Head of commodity research sees prices heading back above $90/bl by the end of the year despite scarring effects of crisis slowing oil’s rise
Saudi-Iran deal first step to boosting regional oil security prospects
24 March 2023
But there is less optimism on additional Iranian exports, and many near-term risks remain
Russia finds the ships to access new product markets
24 March 2023
Refining runs and questions over blending—not vessel availability—are likely to determine Russian product export volumes
China’s recovering oil demand may not be all it seems
24 March 2023
Rise in imports may be more to do with stockpiling ahead of summer than actual increased consumption

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Petroleum Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search