U.S. Refiners Snap Up Venezuelan Crude at Steep Discounts

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US refiners Valero and Phillips 66 have acquired Venezuelan crude at discounted prices, with a $8.50-$9.50 per barrel discount to Brent crude, indicating a potential opportunity for profit in the oil market.

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Market impact analysis based on bullish sentiment with 90% confidence.

المشاعر
Bullish
ثقة الذكاء الاصطناعي
90%
الأفق الزمني
قصير الأجل

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Valero and Phillips 66 have bought two cargoes of Venezuelan crude that are part of the 50 million barrels that the Trump administration said Venezuela would supply to the United States after the ousting of President Nicolas Maduro earlier this month. Reuters reported the news, citing unnamed sources, who added that the seller of the cargos was Vitol and that the price of the crude was set at a discount to Brent crude of $8.50 to $9.50 per barrel. Brent is currently trading at over $65 per barrel. That compares to a discount of $15 per barrel to…

متابعة القراءة
المقال الكامل على OilPrice.com
قراءة المقال الكامل
المقال الأصلي منشور بواسطة OilPrice.com في يناير 22, 2026.
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