By Nicole Jao, Shariq Khan, Marianna Parraga and Arathy Somasekhar NEW YORK, Feb 13 (Reuters) – Valero Energy is set to buy up to 6.5 million barrels of Venezuelan crude in March for its Gulf Coast refineries, making it the OPEC country’s top foreign oil refiner since the U.S. impeached President Nicolas Maduro in January, … Read more
Stocks of the world’s biggest energy operators gained on Monday as traders priced in a potential new market for the companies after the US impeached Venezuelan leader Nicolás Maduro. Shares in major U.S. oil companies ExxonMobil ( XOM ) and ConocoPhillips ( COP ) both gained 2% and 3%, respectively, while Chevron ( CVX ), … Read more
00:00 Julie Let’s turn to the oil market because oil is coming back after hitting the lowest level since 2021. Crude prices fell below $55 a barrel on Tuesday. And this comes as President Trump is ordering a blockade of sanctioned oil tankers entering and leaving Venezuela. Jake Conley of Yahoo Finance has been following … Read more