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Chevron Eyes Mexico, Middle East to Replace Venezuelan Crude
Chevron Corp. is looking to replace Venezuelan oil at its refineries with supplies from Mexico, Brazil and the Middle East after the Trump administration ordered the company to shut operations in the South American country. The US supermajor mostly uses heavy Venezuelan crude at its Pascagoula refinery in Mississippi and will seek alternative feedstock once the wind-down period ends in about a month, Andy Walz, Chevron’s president for downstream, midstream and chemicals, said in an interview at the CERAWeek by S&P Global conference in Houston. “We would be looking for a heavy replacement, largely,” Walz said ... (full story)
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- Posted: Mar 12, 2025 10:03pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 79
