Editor’s Note
This analysis examines how U.S. refineries are positioned to become key beneficiaries of a potential easing of sanctions on Venezuela, a shift already being reflected in rising stock prices for major industry players.
They could emerge as the primary beneficiaries of the U.S. power move in Venezuela. U.S. refineries stand to gain significantly from an influx of oil from the South American country once American sanctions are eased. Investors appear to be betting on this very scenario, judging by the stock market surge experienced by major industry players like Phillips 66 and Valero Energy starting Monday, January 5th.
On Tuesday, January 6th, U.S. President Donald Trump stated that Venezuela would transfer up to 50 million barrels of “sanctioned” oil to the United States.
he declared on his network, Truth Social.
he added.