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Venezuela upends global heavy crude market
The ripple effects of US refiners switching to Venezuela grades will be felt from Canada to China and everywhere in between
Venezuela mismanaged its oil, and US shale benefitted
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
Venezuela’s true oil potential
The Latin American producer’s crude prospects rely on a multi-pronged approach where even the relatively easy wins will take considerable time, effort and cost
The looming risks of a US-Venezuela war
The Caribbean country’s role in the global oil market is significantly diminished, but disruptions caused by outright conflict would still have implications for US Gulf Coast refineries
The curious case of oil-on-water
The market is facing being drowned in excess crude, but one caveat is that a large chunk is due to buyers reluctant to snap up sanctioned barrels
US election means little to Tehran and Caracas
Geopolitical strife embroiling Iran and political corruption in Venezuela suggest little near-term change to oil production from either of the sanctioned states
Letter from South America: Sanction threat fails to curb Caracas
Washington has put oil and gas sanctions back in place while Venezuela prepares for elections. But exemptions remain as the Biden administration looks to domestic gasoline prices ahead of the US’ own elections later this year
Venezuela casts shadow over Guyana’s bright oil future
But 1m b/d production could be just a few years away if geopolitical risks subside
Venezuela’s limited oil sanctions relief
Washington’s move to ease restrictions on Caracas will likely have a more meaningful impact on US refiners than global crude markets
Letter from Caracas: Venezuela and Russia’s fragile oil ties at risk
Moscow’s influence over Caracas uncertain amid upcoming elections and a shift in approach from Washington
Venezuela
Charles Waine
5 July 2019
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Citgo caught between Venezuela's competing governments

Authorities reveal a second failed coup attempt, as President Maduro seeks to limit the influence of the opposition

Hostilities between Venezuela's rival governments are intensifying after President Nicolas Maduro accused conspirators of orchestrating a "fascist plot" to assassinate senior members of the United Socialist Party, including Maduro, his wife and National Constituent Assembly President Diosdado Cabello. Communications minister Jorge Rodriguez, speaking on national television, said the plotters aimed to take military bases in Caracas, free former defence minister Raul Baduel from prison and install him as the country's president. Rodriguez identified former Brigadier General Eduardo Jose Baez Torrealba, who is based in the Dominican Republic, as the plan's primary architect. Maduro also accused

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