Published Sep 2, 2026, 3:00 PM ET · Updated 2 months ago · 1 source

Venezuelan heavy crude unsuitable for gasoline, long lead time for production

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Original Report

Heavy crude from Venezuela is not suitable for gasoline production but is instead used for middle distillates such as diesel and aviation fuel, which are currently in global shortage. Even with significant investment, it would take 2-3 years for any product to be extracted, meaning it will not impact current fuel prices.