Analysts View Venezuela Oil Deal as Secondary to Global Refining Shortages and Diesel Prices

Industry experts emphasize that while US plans to access Venezuelan reserves draw attention, the critical challenge remains a global deficit in refining capacity and soaring diesel costs.

31 Aug, 13:35 — 31 Aug, 13:35

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bloombergHigh2d ago

Venezuela Deal a Bit of a Sideshow for Oil, Sankey Says

“This diesel price is a colossal problem,” says Paul Sankey, president at Sankey Research, as he examines US plans to control more than 65 billion barrels of Venezuelan oil. Sankey says the industry is short of refining and that’s “the big issue” for the global market. (Source: Bloomberg)

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Analysts View Venezuela Oil Deal as Secondary to Global Refining Shortages and Diesel Prices

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Venezuela Deal a Bit of a Sideshow for Oil, Sankey Says

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