Fire at PDVSA's Cardon refinery's FCC unit is reportedly under control

The report that the fire at PDVSA's Cardon refinery's FCC unit is under control suggests minimal disruption to operations, which is significant given the refinery's role in Venezuelan oil production.

Newsquawk StaffPublished 29 Apr 2026, 21:11 UTCOn the live feed at 20:51 UTC — 3 more headlines followed before this page went public

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20:51

Fire at PDVSA's Cardon refinery's FCC unit is reportedly under control

20:50

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Context

This news is likely to stabilize crude prices, as concerns over supply interruptions tend to move markets quickly; however, close monitoring of the situation remains prudent in case of further developments. Overall, it should alleviate short-term fears in the market regarding Venezuelan output.

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