OPEC Grip To Be Tested By US Refiners Over Venezuela Oil
OPEC's grip on global oil markets could be facing its most serious test in years as US refiners move to seize control of Venezuelan crude, asserts the CEO of global financial advisory giant deVere Group.
Nigel Green's analysis comes as Washington ramps up asserting authority over Venezuela's oil sector, and as American refiners are seen to be positioning themselves to become the new power brokers in a market long dominated by producer alliances.
Oil traders and US refiners are scrambling to secure Venezuelan supply after reports that Chevron is seeking a wider operating licence and Citgo could resume purchases of crude.
<If the Trump administration expands permissions, the impact will be immediate and structural. US Gulf Coast refineries are among the few in the world designed to process Venezuela's heavy sour crude efficiently.
Years of sanctions have kept those barrels sidelined, forcing refiners to rely on alternative heavy grades that are now increasingly scarce.
Sanctions on Iran and Russia have tightened the market further, leaving refiners competing for a shrinking pool of suitable feedstock.
<For decades, OPEC (Organization of the Petroleum Exporting Countries) has shaped oil markets through coordinated production decisions.
<The country holds the world's largest proven crude reserves, yet its output remains constrained by sanctions, infrastructure decay, and diplomatic isolation.
<This is why Chinese oil firms are seeking guidance from Beijing. Their concern is not theoretical. It reflects a recognition that access to Venezuelan energy is becoming a political contest rather than a market transaction.
<For markets, this marks the return of energy power politics in its most modern form.
< Research oil and gas stocks at Investorideas free stock directory
OGSN/stock_list
Investorideas is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for sectors including mining, crypto, renewable energy, gaming, biotech, tech, sports and more. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors. Paid content is always disclosed.
Learn more about our news, PR and social media, podcast services at Investorideas for crypto stocks
Investors/Services
Learn more about digital advertising and guest posts for cryptocurrency
Advertise/
Follow us on X @investorideas @stocknewsbites
Follow us on Facebook
Follow us on YouTube
Sign up for free stock news alerts at Investorideas:
Resources/Newsletter
Contact Investorideas
800 665 0411
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.

Comments
No comment