Heavy Crude Oil Archives - The Daily Journal

U.S. seeks to resolve sanctions-related obstacles to expand Venezuelan crude oil refining in India

October 21, 2026October 21, 2026Tatiana Da GamaLeave a Comment

Marco Rubio said New Delhi is willing to process more Venezuelan oil and highlighted its capacity to refine heavy crude. Washington did not specify which restrictions it might modify or announce any concrete measures. The Daily Journal – The United States will need to address potential sanctions-related obstacles to enable India to increase its refining […]

Oil piles up in the Americas as Asia and Europe face shortages

October 13, 2026October 17, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- Heavy crude and other grades of oil have accumulated across the Americas in recent weeks as historically high maritime freight rates have hindered exports to Asia and Europe. This market paradox has left Asian and European buyers scrambling to secure supplies, with Brent crude prices exceeding $100 per barrel. Consumers in Asia […]