July 29, 2025

Chevron’s Venezuela comeback will spark heavy crude price correction

It didn’t take long for Washington to reverse its stance on Venezuela, much like many of its policy shifts these days. U.S. refiners will welcome the move, Chinese teapots will feel the pinch, and the heavy crude market is set for flow reshuffles and price realignments.

Cargo ship docked at industrial port with red-covered containers and red ore piles, city skyline in the background.

See why the most successful traders and shipping experts use Kpler

Request a demo
Chevron’s Venezuela comeback will spark heavy crude price correctionCargo ship docked at industrial port with red-covered containers and red ore piles, city skyline in the background.

Expert research & analysis driven by proprietary data

Request access