Venezuela’s state-run PDVSA is set to recover a portion of the oil output lost in recent months by boosting crude blending operations at its main producing region, the Orinoco Belt.

Emirates National Oil Company (ENOC) has reportedly chartered at least one vessel to store jet fuel as a measure to ensure supply to airlines in Dubai ahead of the US sanctions on Iranian energy trade, set to take full effect on November 4, which disrupt access to feedstocks used in the production of aviation fuel.