US fuel makers have increased purchases of Venezuelan crude to the highest level in over a year as the U.S. pursues a policy of taking more crude from Venezuela while the Iran war reshuffles global oil flows. The change is a sector-level supply shift that could alter regional crude availability, refinery feedstock mixes and price differentials for refined products.
US fuel makers have increased purchases of Venezuelan crude to the highest level in over a year as the U.S. pursues a policy of taking more crude from Venezuela while the Iran war reshuffles global oil flows. The change is a sector-level supply shift that could alter regional crude availability, refinery feedstock mixes and price differentials for refined products.
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