globalnational
United States Refineries Import Half of Venezuela's Crude Oil Production
Just the facts
United States Gulf Coast oil refineries have increased intake of Venezuelan crude oil, receiving approximately 500,000 barrels per day out of the South American nation's total daily production of 1.25 million barrels. The shipments mark a significant commercial flow between Venezuelan energy operations and American refining infrastructure in the Gulf Coast region. Energy industry data indicates that domestic refining facilities utilize heavy crude grades from Venezuela to optimize refining operations. The energy trade continues as federal officials evaluate international trade flows and domestic energy supply requirements.
Why this is news
A United States official reported that Gulf Coast refineries are receiving approximately 500,000 barrels per day of Venezuelan crude oil. The volume represents roughly half of Venezuela's total daily production of 1.25 million barrels.
Sources
This summary is compiled strictly from the original reporting below.