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Capitol Crude: The US Oil Policy Podcast

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

August 07, 2017 (14:18 mins)



Brian Scheid and Meghan Gordon

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?



Related:
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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