Diesel shortage could force White House to ease sanctions Growing calls by US Democrats for humanitarian relief Production outlook hinges on US sanctions, China tax After Venezuelan President Nicolas Maduro outlasted the Trump administration’s maximum sanctions pressure, US President Joe Biden will have to decide whether to offer Venezuela limited sanctions relief or more, amid calls from the left in Congress for humanitarian relief. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now An easing of some sanctions would only return Venezuelan oil production to around 700,000 b/d by end-2022, while any major recovery would depend on the removal of US sanctions against state-owned PDVSA, according to S&P Global Platts Analytics. “The Biden administration hopes to address humanitarian concerns, so reported fuel shortages affecting Venezuelan farmers raise the odds that crude-for-diesel swaps or other types of relief are eventually permitted,” said Paul Sheldon, […]