Venezuelan crude imports to the U.S. have surged to 10% of total imports, the highest level since 2017, as the Strait of Hormuz closure disrupts Middle Eastern supply
The dense, heavy Venezuelan crude is ideal feedstock for Gulf Coast refineries built specifically to process such oil, supporting diesel and jet fuel production
Despite President Trump’s claims of a historic oil deal, independent analysts warn that Venezuelan crude cannot quickly lower gasoline prices due to its nature as refinery feedstock
ExxonMobil and ConocoPhillips have publicly stated Venezuela remains “uninvestable,” declining to commit the billions needed for production recovery
Rebuilding Venezuelan output to 3 million barrels per day would require 16 years and $185 billion, according to Rystad Energy estimates
A supply solution born of crisis
Read Full Article: https://www.naturalnews.com/2026-09-01-venezuelan-crude-strategic-asset-not-quick-fix.html
