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Venezuela, US in talks to export Venezuelan oil to US, sources say
Officials discuss redirecting millions of barrels of Venezuelan crude from China to U.S. Gulf Coast refiners amid storage shortages and sanctions since mid-December.
- On Jan 6, Venezuelan and U.S. government officials discussed exporting Venezuelan crude to refiners in the United States amid a blockade imposed by U.S. President Donald Trump since mid-December.
- The blockade imposed since mid-December is part of rising U.S. pressure that culminated in U.S. forces capturing Venezuelan President Nicolas Maduro, and Petroleos de Venezuela SA has cut production due to storage limits.
- U.S. Gulf Coast refineries can process Venezuela's heavy crude and were importing some 500,000 barrels per day before sanctions, but Petroleos de Venezuela SA must cut production more if exports do not resume soon.
- A deal to sell the stuck crude to refiners in the United States would redirect cargoes away from China, while the White House, Venezuelan government officials and Petroleos de Venezuela SA did not immediately comment.
- The story was filed by Reuters with reporting by Marianna Parraga and colleagues, including a Lake Maracaibo photo from October 5, 2017, providing historical context.
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These facilities located around the Gulf of Mexico are configured to handle the heavy and viscous crude produced in Venezuela. A reduction in sanctions could quickly benefit them by redirecting shipments to the United States today destined for China.
·Paris, France
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U.S. and Venezuela Discuss Crude Oil Exports to Ease Sanctions
Venezuelan and U.S. officials are reportedly in talks to discuss exporting Venezuelan crude oil to the United States. Previously, the U.S. imposed sanctions that halted such imports. The discussions aim to leverage Gulf Coast refineries capable of processing the oil, potentially easing economic tensions.
·India
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Coverage Details
Total News Sources32
Leaning Left5Leaning Right5Center7Last UpdatedBias Distribution41% Center
Bias Distribution
- 41% of the sources are Center
41% Center
L 30%
C 41%
R 29%
Factuality
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