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Chinese refiners expected to replace Venezuelan oil with Iranian crude
07 Jan 2026 15:11 GMT
… cheap oil for independent refiners known as teapots.
The world’s biggest crude … , carrying some 12 million barrels of crude and fuel.
However, loadings for Asia … Lake and Access Western Blend exported from the Trans Mountain pipeline …
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Venezuela to Export $2 Billion Worth of Oil to US in Unprecedented Deal
07 Jan 2026 18:28 GMT
… to revitalize Venezuela’s collapsed petroleum infrastructure. PDVSA itself acknowledges … OPEC+ has begun unwinding voluntary cuts totaling nearly 4 million barrels … sour crude from Venezuela displaces Canadian oil sands exports to Gulf Coast refineries. The …
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Trump says he wants to free up Venezuelan oil flow. What was blocking it?
07 Jan 2026 16:56 GMT
… 20.25 million barrels of petroleum per day in … Economic Complexity, Venezuela exported $4.05bn of crude oil in 2023. … software, drilling services and refinery components from Western companies. … , 1960. OPEC is a group of major oil-exporting countries that …
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Venezuela agrees $2bn oil export deal with the US
07 Jan 2026 16:56 GMT
… barrels of oil that had been stranded due to a U. S. export … authorisations to export Venezuelan crude to American refineries, and handling … oil flows as beneficial for employment and consumer fuel … crude flows and diplomatic alignments in the petroleum …
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Venezuela’s Oil Market Faces Turbulence Following Maduro’s Arrest
07 Jan 2026 19:11 GMT
… up to 50 million barrels of sanctioned Venezuelan crude oil. This significant move … and export Venezuelan crude, accounting for approximately 25% of the country’s oil … Venezuelan crude—around 330,000 barrels per day—was directed to independent refiners …
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Crude Prices Tumble on Prospects that Venezuelan Crude Will Continue to Flow
07 Jan 2026 17:42 GMT
… it rebuilds its crude inventories.
Crude garnered support after OPEC+ on Sunday said … Russian refineries over the past four months, limiting Russia's crude oil export … exceeded expectations and OPEC also ramped up crude output. OPEC said it now …
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The 4 Things Standing Between the U.S. and Venezuela’s Oil
07 Jan 2026 17:03 GMT
… claimed crude oil reserves are the largest in the world, according to OPEC … . Gulf Coast refineries built to process its heavy sour crude, courtesy of … ’s monthly exports dropped dramatically in December to 19 million barrels, down …
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¿Tiene la capacidad Venezuela de enviar de 30 a 50 millones de barriles de petróleo a EE.UU.?
07 Jan 2026 19:13 GMT
… habían estado reduciendo sensiblemente las exportaciones de petróleo venezolano en la llamada … asegura el director de OPIS, Oil Price Information Service.
“Hay barcos … consultora energética Kpler.
Los petroleros previamente incautados transportaban entre 15 …
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China expected to raise Iran oil imports amid Venezuela tensions: Report
07 Jan 2026 17:50 GMT
… demand for oil could amount to 0.4 million barrels per … on Iranian heavy crude would suit China’s teapot refiners more than … a major supplier of oil to independent refiners in China in … largest holder of oil reserves, has seen its exports remain very limited …
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Trump Claims Control Over Venezuelan Oil Deal Benefiting Washington
07 Jan 2026 16:37 GMT
… 30 and 50 million barrels of sanctioned oil to the United States … , according to sources familiar with Petróleos de Venezuela S.A. [PDVSA … is not typically used for oil exports, reportedly suffered significant damage, key …