🚨#BREAKING : ExxonMobil Prepares to Process Venezuelan Oil! 🇺🇸🛢️
U.S. energy giant **ExxonMobil is reportedly preparing its Baton Rouge, Louisiana refinery to resume processing Venezuelan crude oil — a major shift after years of sanctions and halted imports. The refinery can handle ~522,500 barrels per day of heavy, sour Venezuelan crude.
This move comes amid ongoing U.S.–Venezuela energy policy shifts and debate over reintegrating Venezuelan oil into U.S. supply chains following changes in political control. Exxon has prepared technical teams and logistics even as legal and investment hurdles remain a point of discussion.
⚡ Why this matters:
• It could increase U.S. refinery output and energy security
• Venezuelan oil reserves rank among the world’s largest — a potential game-changer for global crude flows
• May shift oil market dynamics, affecting crude pricing and derivative products
👀 Coins to watch now:
$ZEN | $ICP | $DOLO
Energy headlines like this can spill into broader macro sentiment, influencing risk appetite across equities, FX, and crypto markets.
