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Making sense of sanctions: The US, Venezuela, Russia, energy and oil flows

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Listen: Making sense of sanctions: The US, Venezuela, Russia, energy and oil flows

The US Congress is working to put new oil sanctions into place against Russia and the Trump administration is poised to impose new sanctions on Venezuela’s oil sector — sanctions which could include an embargo on Venezuelan crude imports into the US.

As the Russia sanctions legislation hit a snag this week and the Venezuelan sanctions hinge on a historic vote Sunday, senior oil editor Brian Scheid talks with Joe McMonigle, senior energy policy analyst for Hedgeye and a former Energy Department chief of staff under President George W. Bush. What would sanctions look like, how could they impact global crude flows, and how could US refiners, producers and service companies be affected?

US President Trump signs Russia sanctions bill into law
Venezuelan sanctions would tighten already tight USGC sweet/sour spreads
US sanctions 13 Venezuelan officials, readies oil sector penalties
US Treasury preps Venezuelan oil export sanctions: source
Venezuela says US refiners face 'difficult situation' if Trump imposes sanctions
US Congress poised to pass new Russia energy sanctions
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