Venezuela’s Gasoline Shortage Is Worsening ...Middle East

Venezuela’s state oil company PDVSA suspended gasoline production at the El Palito refinery after a problem with a valve led to a fire, unnamed sources familiar with the incident told Reuters. The El Palito refinery has a processing capacity of 146 barrels daily and had only been in operation for less than a week before the fire occurred. After the suspension of operations at El Palito now, Venezuela is left with only the Cardon refinery to produce much-needed gasoline. The Cardon facility has a processing capacity of 300,000 bpd of crude,…

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