petroleum

🇻🇪🛢️ Venezuela & U.S. in Talks on Oil Exports

Venezuela and the United States are in discussions to export Venezuelan crude oil to U.S. refineries, potentially diverting supplies from China and helping Venezuela avoid deeper output cuts due to export blockages.

🔥 Heavy crude demand: U.S. Gulf Coast refineries can process Venezuela’s oil.

🤝 Deal mechanisms: Auctions and U.S. licences are being explored.

🛢️ Current export status: Venezuelan crude exports have been constrained by a U.S. blockade and sanctions.

Expert insight: If successful, these talks could boost U.S. energy security and offer Venezuela much‑needed export revenues, but complications remain around sanctions and storage constraints.

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