
US refineries receive half of Venezuela's oil output
A US official stated that American refineries are currently taking in 500,000 of Venezuela's 1.25 million barrels per day oil output, sending it to Gulf Coast refineries.
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A US official stated that American refineries are currently taking in 500,000 of Venezuela's 1.25 million barrels per day oil output, sending it to Gulf Coast refineries.

Eni CEO Claudio Descalzi stated that US refineries are now compensating for oil shortages and confirmed a complete halt to Russian gas supplies from January.

A tropical threat has emerged in the Gulf of America, with the National Hurricane Center raising the probability of tropical development for Invest 91L to 80% over the next two to seven days. US refineries are potentially in the crosshairs of this developing weather system.

US refineries are experiencing unprecedented profit margins, a development linked to Ukraine's strikes on Russian oil refineries. These attacks have impacted global oil markets, benefiting American refiners.