FACTBOX-Top buyers of Venezuelan crude oil in the United States

Reuters
02-27
FACTBOX-Top buyers of Venezuelan crude oil in the United States

HOUSTON, Feb 26 (Reuters) - U.S. imports of crude oil from Venezuela averaged 222,000 barrels per day (bpd) in the first 11 months of 2024, according to U.S. Energy Information Administration data, making it the fourth largest crude supplier to the United States.

While Venezuela's oil accounted for only 3.5% of total U.S. crude imports in November, it was about 13% of crude oil imported by U.S. Gulf Coast refineries, according to the EIA.

About 90% of all crude from Venezuela last year headed to the U.S. Gulf Coast, and the remaining 10% went to the East Coast, the data showed.

Refiner Valero Energy VLO.N was the top buyer of Venezuelan crude in the United States in the period, accounting for 44% of the total, followed by oil major Chevron CVX.N with 22%. PBF Energy PBF.N bought about 14% of the crude.

Company

Volume (in barrels per day)

Valero Marketing & Supply

95,189

Chevron USA

47,228

Paulsboro Refining

30,509

Phillips 66

23,596

Repsol Trading USA

10,323

Houston Refining

7,398

Exxon Mobil Oil

2,970

TOTAL

217,213

Top purchasers of Venezuelan oil in the United States https://reut.rs/41gqbqW

(Reporting by Arathy Somasekhar in Houston)

((arathy.s@thomsonreuters.com; +1 832 610 7346; Twitter: @ArathySom;))

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