Exclusive-Valero buys Venezuelan oil cargo as part of Washington's deal with Caracas 
ValeroValero(US:VLO) Yahoo Finance·2026-01-22 01:11

By Georgina McCartney and Arathy Somasekhar HOUSTON, Jan 21 (Reuters) - Valero bought a cargo of ​Venezuelan crude oil, two sources said on ‌Wednesday, the first deal by a U.S. Gulf Coast refiner ‌struck as part of Washington's deal with Caracas to buy up to 50 million barrels of the South American country's crude. Valero bought the crude ⁠from trading house ‌Vitol, one of the two sources said. The crude was traded for ‍delivery to the U.S. Gulf Coast at a discount of about $8.50 to $9.50 to Brent crude ...