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Potential US sanctions on the Venezuelan oil sector: price and flows implications


Potential US sanctions on the Venezuelan oil sector: price and flows implications

Report summary

This report analyses two scenarios under discussion in the US government that could potentially disrupt oil trade between the two countries:

  • Scenario 1, sanctions banning US companies from importing Venezuelan crude oil 
  • Scenario 2, sanctions banning US companies from exporting crude oil and refined products to Venezuela
While none of these scenarios directly impact Venezuelan oil production, they could affect the country’s oil revenue by exposing the OPEC producer to less favorable markets for selling oil and importing diluent and refined products.

In the very short term imports into Venezuela could be delayed until credit conditions with the new suppliers are confirmed.

What's included?

This report includes 1 file(s)

  • Potential US sanctions on the Venezuelan oil sector price and flows implications.pdf PDF - 1.32 MB

Description

This Refining and Oil Products Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues of this topic, this report gives you an alternative point of view to help inform your decision making.

With over 20 years of experience in the refining industry, Wood Mackenzie is a trusted global leader with a reputation for producing consistently reliable information.

Our senior analysts are based in the markets they analyse. They use detailed research data to forecast, benchmark and recognise trends that will help both new and existing participants identify opportunities and avoid risks.

  • Potential US sanctions on the Venezuelan oil sector: price and flows implications
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