The price for Venezuelan crude does have to be competitive, and Venezuelan crude may displace some other sources of heavy crude including Western Canadian Select.

Venezuelan oil exports rose to some 800,000 bpd in January, from 498,000 bpd in December, after the U.S. capture of Nicolas Maduro and the ending of an oil blockade which has let traders carry most ...

The refiner was one of the main buyers of Venezuelan oil, while it occasionally imported Canadian oil exported from the Trans Mountain pipeline for its bitumen production.

On Monday, U.S. President Donald Trump announced a trade agreement with Indian Prime Minister Narendra Modi that included halting oil purchases from Russia, but without details on how and when such ...

Eberhard Bau AG, a leading Swiss construction company, has signed a long-term offtake agreement for solar diesel with cleantech company Synhelion. Starting in 2027, Eberhard will purchase renewable ...