Trump Could 'Punish' Venezuela With Oil Sanctions Immediately After Presidential Vote

[DanilKa + 443]

On ‎5‎/‎18‎/‎2018 at 10:59 PM, jose chalhoub said:

But i still think that chinese and russians will surely run out of patience if things dont change dramatically in venezuela, since they dont want to see their massive tons of money vanishing either just like its happening with other foreign companies. 

Chinese may play a long game there but you have a point - place is a mess and enforcing control over acquired assets may be problematic. Someone would have to step in fairly soon to keep oil industry from complete disintegration - that's largest source of (legal) cash.

[DanilKa + 443]

On ‎5‎/‎19‎/‎2018 at 1:01 AM, Tomasz said:

If we have harsh sanctions on both Iran and Venezuela I would suggest to get used to to three digit oil price for some time.

I wouldn't overestimate Venezuela - loss of its production may be already priced. We can get to >100 without geopolitical component - just because demand is steadily increasing while supply is lagging due to underinvestment. US shale producers showing fantastic response time but there are few issues with profitability of majority of them as well as pipeline constrains.

[TraderTate + 186]

Results not in yet, but US State Dept just said it would not recognize elections results, and will be talking about oil sanctions on Monday. 

[jose chalhoub + 388]

Maduro got the win.... but seen from many points of views for example if the results were in some way accurate and fair, 5.800.000 or so votes for Maduro is not that much compared to that time of Chavez when he was president and alive.. Participation was only at 47% first time ever this turnout was so low for a presidential election in Venezuela.. empty voting centers. so in the end one can see that the calling for no vote by the traditional opposition parties worked to which it joined Henri Falcon (a little too late?} when he not recognised the elections before the results were given by the authorities and requesting for a new election.. So what lies ahead for venezuela and its oil industry will be extremely interesting and crucial  in the coming days, weeks, and months.. Either Maduro carries out deep economic reforms and an overhaul of the system or he can forget of clinging too much in power. Lets see the strategy of the international community and the opposition.