Energy

Trump says US will refill its petroleum reserves using Venezuelan oil - Al Jazeera

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DW NOTE

The Strategic Petroleum Reserve holds roughly 362 million barrels after Biden drained it to 266 million in 2022. Refilling it with Venezuelan heavy crude means refining it in PADD III Gulf Coast plants, where the infrastructure exists but the political optics do not. Trump is trading one sanction regime for another — and betting Congress won't stop him because gasoline at $4.50 still polls worse than Caracas getting dollars.

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Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u

Trump says US will refill its petroleum reserves using Venezuelan oil - Al Jazeera

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