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How the US sanctions on Venezuela's PDVSA impact Asian crude oil buyers

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Listen: How the US sanctions on Venezuela's PDVSA impact Asian crude oil buyers

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.