Refineries (at least those built by American companies) are designed with specific crude slates in mind, and the decisions ...

Venezuela's state-run oil company, PDVSA, has been forced to cut crude production as storage facilities near capacity, a ...

U.S. action in Venezuela has renewed focus on the country’s vast oil reserves, heavy crude challenges, and the expropriations ...

Do U.S. oil companies want to jump into Venezuela to produce the heavy, sour oil? Here are specifics of oil production down ...

Oil has long been the backbone of Venezuela’s economy. The state-owned oil company PDVSA was once regarded as one of the most ...

But there’s also heavy crude. This is the type of oil used for diesel fuel. Unlike light crude, heavy crude is denser and more sulfur-rich, requiring complex refining—or “upgrading”—to convert it into ...

A key driver of U.S. refiners’ profitability — the ability to buy heavy crude at cheap prices — is set to improve in the second half of the year as Canadian and Middle Eastern production rebounds.

Heavy crude remains structurally tight even as light crude oversupplies the market, creating a bullish setup for select Canadian oil producers. Canadian names like Canadian Natural Resources, Enbridge ...