US sanctions on Venezuela’s national oil company PdV, first imposed on 28 January 2019, cast another layer of geopolitical uncertainty onto the international oil market. The sanctions take effect in stages, gradually intensifying their impact on the Opec country’s imports and exports. For international oil companies, traders and governments around the world, the sanctions rollout and partial unwinding of commercial ties will help to shape near-term market dynamics, with longer-term implications for energy policy and investment. Follow along with Argus as we deliver the latest news and market analysis on this fast-developing story.
Key Venezuela sanctions dates
Primary Venezuelan oil assets
Relevant Argus blog posts
17 June 2020
Epitaph for a cause
The tyranny of the heir to iconic late president Hugo Chavez has shown that he can survive without the “devil’s excrement”, sustained instead by opaque revenue streams that always seem a step ahead of US sanctions.
Filter:
Crude oil Latin America and Caribbean English
08 May 2020
Venezuelan oil plan runs aground
A sweeping proposal to draw investment into an Opec nation would normally turn some heads. That is what Venezuela’s US-backed political opposition had been expecting when it rolled out the final draft of a comprehensive hydrocarbons reform bill last week.
Filter:
Crude oil Latin America and Caribbean Oil products North America20 August 2019
US crude oil exporters enjoy lighter moment
US sanctions on major oil exporting country Venezuela are having profound effects on the global oil trade, prompting US refiners to seek alternative crude supply and shifting Venezuelan crude flows more toward Asia.
Filter:
Crude oil North America Latin America and Caribbean English