Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Saudi-US energy ties adapt to multipolar world
Saudi Arabia and US relations can construct a new ‘field of dreams’, but opportunism may be the new rules of the game
A new energy order in the UAE and Saudi Arabia
The two Gulf states are combining fossil fuel production with ambitions to become leaders in low-carbon energy
Fifty years of oil trading
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
Australia’s post-election energy priorities
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
LNG gets political
From China blocking US LNG to Trump demanding that various countries import more of the fuel, the politicisation of LNG is on the rise
Bad omens for Chinese oil demand
Sino-US trade tensions could see crude consumption crumble despite recent buying behaviour
Trump’s LNG metamorphosis
Fast-tracking US project approvals and increased trade pressures have already changed the LNG landscape since Trump came to office, with further transformation ahead
Letter from the US: Oil and gas producers face tax threat
Capping state corporate income tax deductions would reduce energy supplies and raise prices
Letter from Saudi Arabia: Energy, diplomacy and the art of the deal
Saudi Arabia is growing as a geopolitical and diplomatic force amid an increasingly fractured world
Trump’s energy policy paradox
US consumers are not likely to see gasoline prices fall to Trump’s ‘beautiful number’, at least if the president also wants to encourage more drilling
PDVSA’s El Palito refinery in Puerto Cabell
Venezuela US Politics
Simon Ferrie
Paul Hickin,
Editor-in-chief
1 November 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Venezuela’s limited oil sanctions relief

Washington’s move to ease restrictions on Caracas will likely have a more meaningful impact on US refiners than global crude markets

The US suspended selected sanctions on Venezuela on 18 October in response to the signing of an “electoral roadmap” between the Maduro government and the political opposition. Most observers are sceptical over how much of an impact the apparent rapprochement might have on the global oil markets, given the temporary nature of the sanctions relief and Venezuela’s degraded production capabilities. That is not to say the step will not move the dial for the US oil industry itself, which relies on heavier, sourer grades—typically from Canada—to blend with lighter, sweeter home-grown grades. So any extra flows from Venezuela—a traditional supplier of crude to its North American neighbour—will certa

Also in this section
Saudi-US energy ties adapt to multipolar world
28 May 2025
Saudi Arabia and US relations can construct a new ‘field of dreams’, but opportunism may be the new rules of the game
Namibia’s energy sector must solve ports puzzle
28 May 2025
A shortage of options for the development of port infrastructure to service oil and gas majors is a stumbling block the country needs to overcome to fulfil its potential
Turkey aims to reduce dependence on energy imports
27 May 2025
Country is boosting domestic energy production while targeting development of oil and gas reserves in Africa and Asia
Asia proves a growing draw for Gulf players
27 May 2025
A newly formed joint venture between Saudi Aramco and Sinopec signals rising Gulf interest in the Asian market

Share PDF with colleagues

Rich Text Editor, message-text
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
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

Rich Text Editor, txt-link-message
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
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 © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search

  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search