U.S. Refiners Rethink Crude Sourcing After Chevron Gets Venezuela Green Light

U.S. refiners are reassessing Latin American crude sourcing strategies after President Donald Trump’s administration granted Chevron the authority to resume and expand operations in Venezuela, signaling a shift in sanctions enforcement that could revive heavy crude flows to Gulf Coast plants. The change follows more than a year of tightened restrictions, during which Gulf refiners diversified rapidly to alternative suppliers including Brazil, Colombia, and Guyana crude. U.S., importing an average of 95,000 barrels per day from Guyana in the…