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Venezuela sanctions could squeeze margins, shift flows for US Gulf Coast oil refiners

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Listen: Venezuela sanctions could squeeze margins, shift flows for US Gulf Coast oil refiners

If the US follows through with sanctions on Venezuela, it can affect a slew of issues for US Gulf Coast refiners and the global markets for crude and refined oil products. Senior oil editors Meghan Gordon and Brian Scheid talk with John Auers, executive vice president with Turner, Mason & Company, and Jack Laursen, S&P Global Platts oil editor.

What is the oil market bracing for if sanctions limit Venezuelan crude coming into the US, and what could restricting US refined oil products going to Venezuela do to trade flows? And how could a narrower spread between heavy and light crudes have an impact on the market in 2020 or beyond?

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