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US oil sanctions on Venezuela could reach a tipping point this summer if a dire diesel shortage further exacerbates a humanitarian crisis that continues to unfold even as President Nicolás Maduro has strengthened his hold on power
ReadTwo rare cargoes of US Gulf Coast crude could be making their way to Venezuela, according to S&P Global Platts fixtures reports. Last week, Vitol was heard to have booked two Panamax-sized vessels to move crude from the USGC to Venezuela
ReadDespite the billions of dollars that have flowed into Venezuela’s state-owned PDVSA in recent years, crude oil and refining output continues to languish. It is not lack of investment hindering growth but a more human flaw—corruption
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