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Wright explains how Venezuelan crude will ‘fill’ the Strategic Petroleum Reserve
The Strategic Petroleum Reserve's storage facilities were not built to store heavy Venezuelan crude, Energy Secretary Chris Wright confirmed.
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businessinsider.com
Venezuela's heavy crude isn't a great fit for the US emergency reserve. It could still help refill it.
More Venezuelan heavy crude could also increase competition for Canada, a major supplier of heavy oil to US refineries.
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jpost.com
Venezuela heavy crude could fill US emergency oil reserve, Wright says | The Jerusalem Post
"We'll swap you a barrel of heavy crude for a barrel of light or medium United States crude," Wright said during an interview on CNBC, calling oil markets fluid.
