Refilling the SPR with Venezuelan crude could prove difficult, as Venezuela’s heavy oil may not be suitable for infrastructure designed primarily for lighter crude.

President Donald Trump says Venezuelan crude will be used to replenish the U.S. Strategic Petroleum Reserve, which stood at about 290 million barrels on August 21, near a 44-year…

US oil reserves hit their lowest since 1982 amid Iran conflict. Crude oil reaching a new all-time high by December 31 at 12.5% YES.