Watching the (Oil) Flow – Venezuela’s Heavy Oil Production Needs Diluent, Opening Market for U.S Suppliers
RBN Energy Blogcast · Housley Carr
January 30, 202611m 30s
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Show Notes
The arrival of a special, 460-Mbbl shipment of U.S.-sourced naphtha in Venezuela a few days ago underscored a critically important fact, namely that production of Venezuelan heavy sour crude requires steady inflows of imported diluent. Today, we’ll discuss Venezuela’s need for diluent and how it’s likely to be met.