US refiners are struggling to absorb the surge in oil imports from Venezuela
By Marianna Parraga and Shariq Khan HOUSTON/NEW YORK, Feb 3 (Reuters) – U.S. Gulf Coast refiners are struggling to absorb a rapid increase in Venezuelan crude shipments since last month’s landmark $2 billion supply deal between Caracas and Washington, pressuring prices and leaving some volumes unsold, according to traders and shipping data. Weak U.S. demand … Read more