Venezuela Oil Exports to US on the Rise

[Marina Schwarz + 1,576]

It may sound illogical but it's yet another example of pure market logic: Venezuela's oil production is falling but its exports to the US, its biggest market, are rising. Gulf Coast refineries need heavy crude, Venezuela supplies heavy crude, it's as simple as that.

[DanilKa + 443]

wondering what ConocoPhillips think of this...