#venezuelan-heavy-crude

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from24/7 Wall St.
11 hours ago

Chevron in Talks to Expand Venezuela Oil License as Trump Shifts Energy Policy

Chevron Corp ( NYSE:CVX) is negotiating with the Trump administration to expand its Venezuela oil license, aiming to boost exports to 300,000 barrels per day by March. The move comes as Trump pivots toward energy independence policies, creating a strategic opening for Chevron to capitalize on discounted Venezuelan heavy crude. The stock has responded enthusiastically. Chevron surged 12.3% year-to-date through January 29, hitting a 52-week high of $174.92 earlier this week.
US news
US politics
fromwww.theguardian.com
3 weeks ago

Dense, sticky and heavy: why Venezuelan crude oil appeals to US refineries

US Gulf Coast heavy-oil refineries are well-suited to process dense Venezuelan crude, supplying cheap feedstock that could support refining, jobs, and reindustrialisation.
Business
from24/7 Wall St.
3 weeks ago

Marathon Petroleum to Reap a Windfall on Venezuela Oil Boom

U.S. seizure of Venezuela's leadership enables U.S. control over Venezuelan heavy crude exports, likely channeling oil to Louisiana refineries and benefiting Marathon Petroleum.
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