Category: energy sanctions
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Oil oversupply risks and global crude trade realignment loom with Venezuela’s regime change
Oil oversupply risks and global crude trade realignment loom with Venezuela’s regime change As Venezuela faces a regime change, the country’s production recovery is staring at a decade-long timeline despite near-term supply gains, according to Wood Mackenzie, an energy intelligence group, which believes that additional Venezuelan barrels could pressure Brent prices below mid-to high $50 per…
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EU’s 19th sanctions wave targets Russia’s energy lifelines: LNG ban, oil cap cut, and step-up in shadow fleet purge
EU’s 19th sanctions wave targets Russia’s energy lifelines: LNG ban, oil cap cut, and step-up in shadow fleet purge The European Commission’s proposal for the 19th package of sanctions not only deepens the shadow fleet sweep with 180 new vessel listings, but also tightens the energy noose on the Kremlin with a liquefied natural gas…