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U.S. Refiners Snap Up Venezuelan Crude at Steep Discounts
Market Intelligence Analysis
AI-Powered
Why This Matters
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.
Market Impact
Market impact analysis based on bullish sentiment with 90% confidence.
Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
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…
Original article published by
OilPrice.com
on January 22, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.