BATON ROUGE, LOUISIANA (By Pietro D. Pitts, Energy Analytics Institute, 27.Feb.2026, Words: 443) — Valero Energy is positioning to capitalize on improved access to the Venezuelan market as sanctions imposed on US president Donald Trump ease and trade flows reopen. Valero has engaged with 3 authorized sellers of Venezuelan crude oil […]
Tag: Valero Energy
Motiva buys cargo of Venezuelan heavy oil for March delivery; first purchase since 2019
NEW YORK, NEW YORK (By Reuters: Nicole Jao, Arathy Somasekhar and Georgina McCartney, 26.Feb.2026, Words: 311) — Saudi Aramco’s US trading division bought a cargo of Venezuelan Boscan crude for March delivery, its first purchase of the heavy crude suited for asphalt making, sources familiar with the deal said on Thursday. The […]
EAI brief: US energy stocks from Exxon to Chevron rise on Venezuelan oil sector prospects
ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 6.Jan.2026, Words: 181) — Select US energy stocks were on the front foot on major stock exchanges on the prospect of returning to Venezuela after the ouster of its leader Nicolás Maduro and his wife Cilia Flores in the early AM hours of […]
Aruba Receives Refinery, Development Proposals
(Argus, 31.Jul.2020) — The government of Aruba received proposals to refurbish its refinery and develop alternative industries on the brownfield site. RdA, the state-owned asset holder, received 29 proposals out of 57 initial registrations for the first option of refurbishing the 235,000 b/d San Nicolas refinery, which was formerly owned […]
Citgo, Valero Drive Up U.S. Purchases of Venezuelan Oil in September
(Reuters, Marianna Parraga, 4.Oct.2018) — Venezuela’s September crude sales to the United States rose to their highest in over a year, boosted by purchases by Citgo Petroleum, the U.S. refining arm of Venezuela’s state-run PDVSA, and Valero Energy, according to Refinitiv Eikon trade flows data. A collision in August at […]
PDVSA To Reopen Damaged Port Dock By Month’s End
(Reuters, Marianna Parraga, 12.Sep.2018) — PDVSA expects to reopen the south dock of Venezuela’s main oil port Jose by the end of September, easing strains on crude exports delayed due to a tanker collision last month, according to internal trade documents from the state-run oil firm seen by Reuters. Last […]
Analysts: Only a Matter of Time Before Venezuela Loses Citgo
(Houston Chronicle, Jordan Blum, 10.Aug.2018) – Financially crippled Venezuela likely will lose control of its Houston refining arm Citgo Petroleum once a slew of lawsuits eventually are resolved, and it’s just a matter of when and to whom, finance and energy analysts said Friday. A federal judge ruled late Thursday […]