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Latin American countries, excluding Venezuela and Argentina, have slightly increased crude exports to the US Gulf Coast market in 2020 to date, despite fierce competition from Canadian and Middle East producers
ReadDespite receiving fewer barrels of crude oil from Venezuela, US Gulf Coast refineries and terminals, including the Louisiana Offshore Oil Port, have not started to import more heavy, sour crudes from other markets
ReadTwo rare cargoes of US Gulf Coast crude could be making their way to Venezuela, according to S&P Global Platts fixtures reports. Last week, Vitol was heard to have booked two Panamax-sized vessels to move crude from the USGC to Venezuela
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