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U.S. Refiners Rethink Crude Sourcing After Chevron Gets Venezuela Green Light

Summary by Oil Price
U.S. refiners are reassessing Latin American crude sourcing strategies after President Donald Trump’s administration granted Chevron the authority to resume and expand operations in Venezuela, signaling a shift in sanctions enforcement that could revive heavy crude flows to Gulf Coast plants. The change follows more than a year of tightened restrictions, during which Gulf refiners diversified rapidly to alternative suppliers including Brazil, Co…

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After several international media outlets – including the Wall Street Journal, Reuters and the Miami Herald – spread the news on July 24, about a new license granted to Chevron to expand its operations in Venezuela, the media spectrum was waiting for official confirmation, either from the U.S. Executive or from Miraflores. But at the end of the day, during a special interview with TeleSUR, President Nicolás Maduro confirmed what was revealed by …

26-07-25.-The specialist in hydrocarbons, David Paravisini, said this Friday that the agreements between Pdvsa and Chevron are "very favorable" for the country and the commercialization of crude oil, but insisted that it is necessary to...

TeleSUR, Latin American Summary, July 25, 2025. Venezuela has not been isolated, but has strengthened its network of alliances with emerging powers and maintains an active role in global energy trade, said the geopolitical analyst and energy specialist during the exclusive interview for teleSUR. In an exclusive interview for teleSUR, the analyst [...] La entrada Venezuela. Miguel Jaimes: “The license to Chevron confirms that the US needs Venezue…

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Oil Price broke the news in London, United Kingdom on Friday, July 25, 2025.
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