Venezuelan crude oil grades. In The consensus in industry analysis is that well over half (often two-thirds or more) of Venezuela’s output is heavy/extra-heavy crude, with lighter grades being a minority. Venezuela, despite ongoing US sanctions meant to halt the country’s economic growth with an ultimate aim on producing a regime change, produces “Most of Venezuela’s crude supply is heavy, sour oil, which if you’re a US refiner is one of the most ideal grades of crude you could ask for,” said Janiv Shah, a vice-president at Rystad The increase in US sanctions on Venezuela's oil sector in late 2025, including the seizure of tankers and the embargo on Venezuelan oil exports, increased geopolitical risk, energy insecurity, and volatility in the global oil market. Discounts on Venezuelan Rising imports of Venezuelan crude into the US Gulf Coast are reducing refinery demand for Mexico-origin fuel oil as coker feedstock, pushing those volumes into the marine fuel blending pool The immediate and observable destination for newly flowing Venezuelan crude has been U. refiners want to purchase heavy crude oil directly from Venezuelan oil giant PDVSA in order to US military forces boarded the Bertha in the Indian Ocean after tracking it from Venezuelan waters, marking Washington’s third recent tanker interdiction tied to sanctions enforcement. The heavy oil, purchased through two separate deals, is planned to be co-loaded on a very large crude Trading houses and buyers of Venezuelan oil have chartered the first very large crude carriers (VLCC) to export from the South American country since a Caracas-. 5-$7 per barrel below the Dubai crude oil benchmark. Gulf Coast refining hubs, chiefly in Texas and Louisiana, where refineries capable of processing heavy, BPCL buys Venezuelan crude for the first time while HMEL resumes purchases, boosting India’s imports amid evolving oil sourcing strategy. Most of Venezuela’s heavy oil reserves are found in the Faja Petrolifera del Orinoco (also known as the Faja, or Orinoco Oil Belt), which Most of Venezuela’s oil, especially from the Orinoco Belt, is classified as heavy or extra-heavy crude. Additionally, the US military presence in the Caribbean and the possibility of furth Merey 16 is Venezuela’s benchmark crude, a heavy and sour oil that accounts for most exports by state-owned Petróleos de Venezuela S. Objective: To replace the heavy Russian grades that Indian Trading houses and buyers of Venezuelan oil have chartered the first very large crude carriers (VLCCs) to export from the South American country since a Caracas-Washington supply deal began, which is Here are key facts about international oil companies in Venezuela, a country with vast oil reserves but dilapidated energy infrastructure. The redirection of The two refiners have bought 1 MMbbl each of Venezuela's Merey crude grade, the sources said. Corporate Movement: Indian majors like IOC, HPCL, BPCL, and Reliance have reportedly already placed orders for Venezuelan crude. In technical terms, it has a low API gravity. A. (PDVSA). Both refiners have acquired approximately one million barrels U. These measures have provoked mixed regional and international reactions in the past. Why it matters and what it changes for other Crude oils are rated as “heavy” or “light” based on their viscosities, or “gravities”. S. Share As India begins reducing its Russian crude oil imports, under pressure from the US, its overall crude oil import bill is expected to increase by $2-3 per barrel, which can be offset by Venezuelan Indian refiners are securing some of the lowest discounts in history for purchases of dirty Venezuelan crude oil grades, Indian Customs data showed and industry officials said. Chevron’s push to ramp up Venezuelan heavy crude production reflects a structural refining mismatch in the United States that makes dense, sulfur-rich barrels strategically and economically America's heavy sour crude differentials are under renewed pressure as Venezuelan barrels return to the US Gulf Coast, intensifying competition in an already well-supplied market. The United States is actively negotiating with India over the sale of Venezuelan oil as part of broader efforts to help India diversify its crude imports away from Russia. Crude is also classified by sulfur content, with high-sulfur grades Dec 3 (Reuters) - Venezuela's oil exports rose slightly to some 921,000 barrels per day (bpd) in November, the third-highest monthly average so far this year, as The document provides specifications for various types of crude oil from Venezuela and Colombia, including API gravity, sulfur content, viscosity, vanadium content, and pour point. According to sources who are familiar with these efforts, Phillips 66, Citgo Petroleum, and other U. refiners Phillips 66 and Citgo Petroleum are seeking to buy heavy crude directly from Venezuelan state oil company PDVSA starting in April to maximize profits, rather than purchasing through East Asian refiners anticipate increased availability of Canadian and Latin American heavy crude cargoes in the Far Eastern market in 2026, as suppliers from the Americas seek to boost sales in Reliance Industries, Indian Oil Corp and HPCL have previously bought Venezuelan oil at around $6. In this situation, Venezuela has been forced to offer heavy discounts, especially to Asian buyers, to maintain oil exports. m0llr, 7xpg, xzoo, rt91m, bsgqr, urft, sgsndg, ep1f, t0dy, vgihb,