US sanctions on PDVSA shut down roughly 500,000 b/d of crude flows from Venezuela to Gulf Coast refineries within a matter of weeks after being imposed in January, and helped cut the South American nation’s oil production roughly in half before the end of the summer. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Headed into 2020, analysts see no clear end to US sanctions on PDVSA, Venezuela’s state-owned oil company, and claim that the supply impact of these sanctions may soon bottom out, if it has not already. In order to drive Venezuelan oil production and exports down further, the US will have to both ramp up its sanctions enforcement efforts and impose […]