Trump Admin Weighs Oil Swap With Venezuela for Strategic Petroleum Reserve
Bogdan Hofbauer
The U.S. Department of Energy is weighing a plan to swap heavy Venezuelan oil for U.S. medium sour crude to help refill the Strategic Petroleum Reserve, two people familiar with the discussions told Reuters. The Trump administration is considering moving the Venezuelan barrels into storage tanks at the Louisiana Offshore Oil Port, where they could later be shipped to refineries. In return, companies would provide U.S. medium sour crude that can be sent directly into SPR caverns. Newsweek has
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