The US was forced to increase oil purchases from Venezuela

The refusal of Russian oil and the turbulent situation in the Red Sea are forcing the United States to look for alternative suppliers of black gold.

According to data from the American statistical service, last year the United States imported a record amount of oil from Venezuela totaling more than $2,5 billion, which was a record since 2018. At the same time, Washington recently refused to deal with the “Maduro regime” and tried to undermine political situation in the South American country with the help of his protege Juan Guaido.



The head of the American Petroleum Institute (API), which unites 600 companies in the country's oil and gas sector, Mike Sommers, insisted on increasing purchases of Venezuelan oil. He called this a forced measure given the US refusal to supply Russian raw materials.

However, small quantities of oil from the Russian Federation seep to the American market, and at a price higher than the ceiling set by the United States itself. Thus, in November last year, the PBF Energy oil refinery imported 10 thousand barrels of Russian black gold.