More recently, Trump wants to apply that mantra to Venezuela and bring that crude to the U.S. But the U.S.

Venezuelan crude is attractive to complex U.S. refiners with coking capacity, but only a subset of Gulf and East Coast plants ...

The timeline of the latest conflict between the United States and Venezuela underscores a long term strategy focusing on ...

The U.S. government is not currently considering using Venezuelan oil in an exchange with U.S. oil companies to refill the ...

Venezuela has the largest share of oil reserves in the world but hasn't been producing or refining it. See the charts.

Exxon, Chevron, Phillips 66 and others already operate refineries capable of processing the kind of heavy crude that comes ...

The highly complex refineries located on the U.S. Gulf Coast could resume processing heavy Venezuelan crude oil in the years ...

The Trump administration says it has completed the first sale of Venezuelan oil to the U.S. Will it mean lower prices at the ...

Venezuelan crude oil worth $2.8 billion could reach Texas refineries next week following Trump's announcement of 50 million ...

Oil refineries continue as normal in Venezuela in spite of political turmoil. (AP/ Matias Delacroix) Copyright 2026 The ...

The companies that turn oil into gasoline and diesel are likely to benefit more, right away, than the businesses that pump ...

Oil traders and US refiners are rushing to position for access to Venezuelan crude after the Trump administration said it ...