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How the US sanctions on Venezuela's PDVSA impact Asian crude oil buyers
Market Movers Asia, June 17-21: Energy security cooperation in focus at G20 meet after tanker attacks
Platts Wellscape GIS
Platts University New York
South Korea's Iranian crude imports halted in May as US sanctions waiver end
The US sanctions on Venezuela's state-owned PDVSA in January could block exports of roughly 500,000 b/d of Venezuelan crude bound for US Gulf Coast refineries. For Asian buyers, this would mean that crude supplies from Saudi Arabia and Iraq that would typically flow to the region would be diverted to US.
Eesha Muneeb, S&P Global Platts editor for Middle East crudes, and Ada Taib, Managing Editor for crude in Singapore, examine the impact of the US sanctions on the Middle East crude market.
