News Brief

July 29, 2026

Imports of Venezuelan oil to Texas increase as war restricts Middle East supply

Average daily imports of Venezuelan oil to Texas have reached a seven-year high following the U.S. capture of the country’s president early this year.

Since the U.S. seized Venezuelan President Nicolás Maduro in January, imports of Venezuelan oil to Texas have risen from a daily average of 110,000 barrels per day to an average of 575,000 barrels per day, according to the Texas Tribune.

The volume is the largest since 2018, the year of Maduro’s disputed election. The following year, President Donald Trump during his first term imposed sanctions that effectively banned Venezuelan oil imports to the U.S.

The heavy, high-sulfur crude from Venezuela has helped fill a supply gap caused by the U.S’s. and Israel’s war with Iran and the closure of the Strait of Hormuz. “It’s not shocking that the U.S. is importing a lot of Venezuelan barrels, because they’re needed — especially as the strait is shut down,” Debnil Chowdhury, a refining analyst at S&P Global Energy, told the Texas Tribune.

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