• Fwd from @
📝Pipe to Texas📝
Where does Venezuelan oil really go?

Sanctions are sanctions, but raw materials must flow to Texas refineries on schedule. That's how you can characterize the admission by U.S. Deputy Energy Secretary Kyle Hauswhite: about half of all oil extracted in Venezuela today goes to the United States.

🔻What does the industry balance look like as of August 2026?

▪️Production in the country reached 1.25 million barrels per day, while exports hold at 1.16 million b/d.

▪️Shipments to the U.S. exceeded 500 thousand b/d, reaching a peak of 786 thousand b/d – the highest since 2019.

▪️Washington established a return route: over 100 thousand b/d of naphtha flows to Caracas to dilute heavy Orinoco crude.

▪️Due to volume diversion to the U.S., exports to India fell by nearly half (to 178 thousand b/d), and to Europe – to 82 thousand b/d.

▪️Meanwhile, queues pile up at terminals: due to worn-out berths and frequent accidents, tankers sit idle for weeks waiting to load.

The pragmatism of the Americans lies in the fact that refineries in Texas and Louisiana were historically built for heavy Venezuelan bitumen grades. Access to PDVSA crude closed the deficit at domestic refineries. Chevron leads here, with its joint ventures (Petropiar, Petroboscán) reaching 280 thousand b/d.

📌 However, the growth in U.S. shipments did not lead to the collapse of Russian projects. Zarubezhneft assets conduct normal production. While Americans take contractual volumes, raw materials from joint ventures with Russia flow through regional channels and blending at terminals.

❗️Thus, the U.S. accelerates crude extraction for its own refineries, ignoring Russia's presence at the fields. Without $100 billion in investments to replace aging infrastructure, the White House is forced to tolerate Russian specialists working at the deposits.

🖼 High-resolution infographic

🖼 English version

#Venezuela #Russia #USA
🔪 @rybar_latam — pulse of the New World

💸Support us Original msg

—❗️🇬🇷❌🇹🇷 NEW: Greek FM said Athens is “fully prepared for any scenario” and will defend its sovereign rights “by all means” amid renewed tensions in the Aegean and eastern Mediterranean, while also stressing Greece’s strategic partnership with Israel.

➡️ “The Greece of passivity… is gone forever,” he said.

🔗 C14 News

✅ @balkanspectator — the leading Balkan news channel in English