Insights

Oil Macro & Geopolitics – US Administration’s big bet on Venezuela? It’s heavy crudes, Naphtha and Fuel oil reshuffle story.

By the XAnalysts team

Members

Commodity
Crude
Market Hub
Venezuela and USGC
Price Indicator
Heavy crudes
Time Period
3 months to few years
Market Impact
Bearish of heavy barrels

While most of the Asian refineries are suffering from crude crunch, a key story is how US is progressing on getting higher access to Venezuelan barrels to keep refineries in USGC operations at very high utilization. This US push continues to provide a check…

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