Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Oil

One year later, US sanctions on Venezuela's PDVSA have had wide market impact

Commodities | Energy | Electric Power | Renewables | Natural Gas

Hydrogen: Beyond the Hype

Oil

Platts Market Data – Oil

Capital Markets | Commodities | Oil | Crude Oil | Refined Products | Fuel Oil | Gasoline | Jet Fuel | Naphtha | Marine Fuels | Equities | Financial Services | Banking | Non-banks | Private Markets

North American Crude Oil Summit, 3rd annual

Coal | Thermal Coal

Feature: Illinois Basin coal production matches fall in demand, driving change

Listen: One year later, US sanctions on Venezuela's PDVSA have had wide market impact

January 28 marks the one-year anniversary of sanctions imposed by the US Department of Treasury on Venezuela's state-run oil producer, PDVSA, which has been translated as a de facto ban on Venezuelan crude exports to the US market.

Since then, PDVSA has seen a deterioration of its oil industry and has struggled to sell its crude barrels in international markets. In contrast, other Latin American crudes competing for business in the US Gulf Coast not only have been favored with increasing demand in that region, but also in Asia.

Francisco Monaldi, fellow in Latin American energy policy at the Baker Institute for Public Policy at Rice University, and Maria Eugenia Garcia, Latin American crude senior editor with S&P Global Platts Platts, discuss the impact of the sanctions on the international crude market.