Las sanciones impuestas por los Estados Unidos a Venezuela y PdVSA comienzan a surtir efecto. Las importaciones de productos refinados del país sudamericano se detuvieron por 11 días, mientras que las importaciones de crudo venezolano a los Estados Unidos se han reducido considerablemente.Continue Reading
Welcome to The GERM Report by Dan Graeber, a commentary on the intersection between geopolitical events and the price of oil. GERM stands for Geopolitical Energy and Risk Monitoring. Our indicator is based on the expected price volatility by the end of the current trading week.
Risk level: OrangeContinue Reading
Recognition of opposition leader Juan Guaido as the interim president of Venezuela by the United States, Canada and several right-leaning Latin American powers shows the tenure of Nicolas Maduro and the durability of Chavismo is under threat.Continue Reading
I was out on CNBC Asia last evening discussing the current situation in Venezuela, and its path back to energy. We discussed the crude flows leaving the country, where they are going, and how dependent Venezuela is on the flow of diluent into the country from the US.Continue Reading