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Oil

Will Venezuela’s oil sector ever recover?

Commodities | Agriculture | Biofuels | Oil | Crude Oil | Metals | Steel | Shipping | Tankers

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Listen: Will Venezuela’s oil sector ever recover?

On this week's Capitol Crude, Frank Verrastro and Andrew Stanley with the Center for Strategic & International Studies' energy and national security program talk about the state of Venezuela's oil sector, the impact of US sanctions on PDVSA and what recovery might look like.

With US imports of Venezuelan crude now at zero, Verrastro and Stanley talk about India's plans to cut imports from PDVSA, remaining markets for Venezuelan crude, potential changes to the country's hydrocarbons law and why long-term sanctions may do irrevocable harm to the South American country's oil output.