Valero (VLO) says they have already engaged with three authorised sellers of Venezuelan crude and will buy from all three providers

Valero's engagement with multiple authorized sellers of Venezuelan crude may signal a strategic shift in sourcing, potentially enhancing flexibility amid geopolitical tensions.

Newsquawk StaffPublished 29 Jan 2026, 15:53 UTCOn the live feed at 15:33 UTC — 1 more headline followed before this page went public

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Valero (VLO) says they have already engaged with three authorised sellers of Venezuelan crude and will buy from all three providers

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To start idling process units at Benicia refinery in February.

Context

Additionally, the planned idling of units at their Benicia refinery indicates an operational adjustment that could impact refining output and margins, particularly in the context of fluctuating oil prices. These moves could also reflect Valero's positioning in a potentially volatile market for crude oil.

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