The White House will have to weigh costs and benefits carefully before tightening sanctions on Iran and Venezuela further–and decide whether the economic price is worth the diplomatic gains.
Iran's oil minister said on April 14 that U.S. sanctions on Iran and Venezuela and tensions in Libya have made the supply-demand balance in the global oil market fragile, and warned of consequences for increasing pressures on Tehran.
Country’s collapse has contributed to a 32% increase in crude oil prices this year.
Russia undertook to cut its production by 228,000 bbl/d but has struggled to comply with the pact.
Trump ‘is definitely making some headwinds for us,’ says a top executive at Cheniere.
Gas will be converted to LNG on Mexico’s Pacific Coast for export to Asia.
Russia and China are now the focus of Venezuela’s exports, PDVSA’s president is reported to say.
Exporting energy means exporting U.S. values, the secretary of state tells CERAWeek audience.
Surpluses are building for ethane and propane, with export options to China stymied.
Calcasieu Pass facility owners will be able to export up to 1.7 Bcf/d.
