Ever wondered why the worlds biggest oil producer still has its eyes on Venezuela? 🌎🛢️ Recently, the U.S. wrapped up its first-ever sale of Venezuelan crude, clocking in at $500 million, and seized a sixth tanker linked to Caracass exports. Its all part of a tighter blockade on Venezuelan oil.
According to shipping analytics from Kpler, the only ships loading up in Venezuela are headed back to U.S. refineries or shuttling oil to local plants. Despite massive domestic output, the U.S. still needs that heavy Venezuelan crude.
Heres why: Venezuelan oil is super heavy and rich, like treacle—think jaggery in your chai or thick coconut milk in laksa. It gives the right consistency and helps refineries boost production. 🥤🇻🇪🛢️
Beyond quality, tapping into Venezuelas huge reserves lets the U.S. diversify its supply, snag competitive prices, and keep strategic leverage. Controlling these oil flows adds political pressure on Venezuelas authorities—while keeping American refineries humming.
In todays fast-changing energy scene, Venezuelan heavy crude remains a key ingredient for U.S. fuel needs—even when it already has plenty of juice at home. ⚡
Reference(s):
cgtn.com
