Venezuelan oil priced at a premium to competing Canadian barrels for US Gulf Coast refiners, traders say

Core Insights - Venezuelan crude oil is currently being offered to U.S. Gulf Coast refiners at a premium compared to Canadian barrels, indicating a shift in pricing dynamics in the oil market [1] Industry Summary - Venezuelan crude oil pricing is competitive, as it is being sold at a premium, which may reflect changes in supply-demand balance or geopolitical factors affecting oil trade [1]