Loss of Venezuelan oil exports won’t leave huge gap in global market

Venezuela exports around 1 million barrels of oil per day, about 1 percent of global production, of which half heads to the United States. Many U.S. refineries are designed to run heavier, sour grades of crude, a good portion of which comes from Venezuela. link

One thought on “Loss of Venezuelan oil exports won’t leave huge gap in global market”

Leave a Reply