Just over two weeks old, US sanctions on PDVSA, Venezuela’s state-owned oil company, continue to alter global crude and diluent flows and are accelerating the already historic collapse of the South American nation’s oil sector. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The sanctions, which the Trump administration announced January 28 and are expected to remain in effect until Venezuelan President Nicolas Maduro leaves office, have caused US Gulf Coast refiners to scramble for new sources of heavy crudes and have cut off flows of US refined products and diluents to Venezuela. But the sanctions have yet to affect oil prices significantly. That could change, analysts believe, as the crisis in Venezuela drags on. Here’s a look at the market impact of PDVSA sanctions so far: TRADE FLOWS ** PDVSA sources estimate Venezuela’s total crude output will fall 300,000 b/d to below […]