Venezuela sits on 303 billion barrels of oil—more than Saudi Arabia. So why does it pump less than 1% of global supply? The answer involves nationalizations, sanctions and crude that's harder to ...

Most of the state's 15 crude oil refineries were built specifically to process the heavy sour crude that comes from Venezuela ...

Crude prices are low. Companies are being cautious. But huge reserves — particularly of the heavy, viscous oil Venezuela has ...

Refiner Phillips 66 can run Venezuelan crude at two U.S. Gulf Coast refineries as production ramps up, Chief Financial Officer Kevin Mitchell said. Mitchell said its Lake Charles and Sweeny refineries ...

While any investment by US companies in rejuvenating Venezuelan oil production could take time, Gulf Coast refiners are well ...

There’s been a long-standing synergy when it comes to the U.S. and Canada around oil. But the seizure of Venezuelan oil by ...

A full-scale resumption of Venezuelan oil exports would benefit refiners in the United States and lower their fuel production ...

Much of the American refining infrastructure was specifically engineered to process heavy crudes from Latin America and ...

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

US and Venezuelan officials discuss restarting crude exports to US Gulf Coast refiners after Maduro’s ouster, Reuters reports ...