Chevron’s push to ramp up Venezuelan heavy crude production reflects a structural refining mismatch in the United States that ...

Venezuela sits on more barrels of oil than Saudi Arabia. So why does it pump less than 1% of the global supply?

A key driver of U.S. refiners’ profitability — the ability to buy heavy crude at cheap prices — is set to improve in the second half of the year as Canadian and Middle Eastern production rebounds.

The highly complex refineries located on the U.S. Gulf Coast could resume processing heavy Venezuelan crude oil in the years following the capture of President Nicolás Maduro, possibly pushing out ...

Venezuela's vast heavy crude reserves look tailor‑made for the complex refineries that line the U.S. Gulf Coast, many of which were built around similar grades from Latin America. Yet the path from ...

Donald Trump’s grab of Venezuela’s oil is not just about making money. He is also grabbing an ultra heavy grade of highly sulphurous oil that is very difficult to refine. That sounds bad and normally ...

As President Donald Trump seeks to boost U.S. investment in Venezuela’s oil fields, Mexico is poised to export less heavy ...

Marathon Petroleum Corporation benefits from U.S. refiners' structural advantages in feedstock and energy costs, supporting high utilization rates. Recent U.S. action against Venezuela could disrupt ...

Venezuela's official figure of over 300 billion barrels of proven oil reserves is mostly a statistical reclassification of extra-heavy crude from the Orinoco Belt, driven by high oil prices and ...

Brazil’s heavy and extra-heavy oil—from mature offshore hubs in the Campos Basin to onshore clusters in Rio Grande do Norte and Bahia—continues to reinforce national energy self-sufficiency. Advances ...

Hong Kong-listed CNOOC Limited has commenced production at the first phase of its Kenli 10-2 heavy oil field project, the largest shallow lithological oilfield offshore China. Kenli 10-2 is located in ...

At-a-Glance: Heavy oil is most commonly found in shallow to moderate-depth reservoirs (cooler formations) that have undergone biodegradation—dominantly in clastic (sandstone) settings within foreland ...