The US is gobbling up Venezuelan oil, but will it lower fuel prices? | HappeningNow.news

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The US is gobbling up Venezuelan oil, but will it lower fuel prices?

Analysts say Venezuelan crude is hard to extract and refine, and likely can't replace oil stuck in the Strait of Hormuz.

Source AI Summary Published September 2, 2026 Brief Under 1 min brief
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Analysts note that Venezuelan crude is difficult to extract and refine, making it unlikely to substitute for oil currently blocked in the Strait of Hormuz.

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