Trending News: OPEC+ holds November oil production targets steady as supply remains constrainedJapan’s JERA Creates Oil Storage Firm to Manage National Reserve SitesAlaska LNG Hinges on How Much Asian Buyers Will Pay for Energy SecurityWTI Sinks Nearly 4% as EU Weighs Emergency Stockpile ReleaseLatest Dallas Fed Survey Reveals Theme Among RespondentsWhat is the near-term feasibility of helium-3 fuel for fusion power?UN Says Global Fuel Subsidies Could Top $1 TrillionJERA CEO Warns LNG Prices Have Further to ClimbScaling up: Blue Star’s next phase in ColoradoShougang, Rio Tinto commission carbon capture trial facility at China steel plantOil Prices Come Under PressureChina Halts October Fuel Exports as Global Diesel Crunch DeepensBrent Holds Above $102 as Gulf Export Rebound Offsets U.S. Military MovesConocoPhillips Signs 20-Year LNG Deal With Venture GlobalU.S. Diesel Export Ban Would Hit Latin America Hardest: GoldmanAtlas Copco strengthens Chinese footprint with Guangdong Euroklimat acquisitionINOXAP files for IPO as Air Products moves to trim stakeIran Wants Sanctions Eased to Allow Back Nuclear InspectorsCanada Fast-Tracks 1 Million-Bpd Pacific Link Oil Pipeline to AsiaBLM Opens 35,000 California Acres to December Oil and Gas Lease SalePolish entrepreneurs invest in SGE’s BWRX-300 projectsMoves to bolster US nuclear workforce developmentHinkley Point B becomes second AGR plant transferred for decommissioningNPCIL signs MoU for Gujarat nuclear power projectsIndia Emphasizes That Shipping Chaos, Not Supply, Is Driving High Oil PricesChina Halts Fuel Exports Until Further NoticeThree Tankers Struck by Unknown Projectiles in Strait of HormuzIndia’s Power Shortages Jump to Three-Year HighXanadu and Bluefors to advance cryogenic cooling prototype for data centresHow the majors are navigating the helium supply squeezeH2 View – October 2026: Storage and distributionPakistan Weighs Direct LNG Imports for Power Plants to Ease Energy CrisisTaiwan Allocates $13 Billion to Shield Consumers From High Energy CostsIndian Refiners Seek Tankers for Hormuz OilWhy independent distributors are moving on heliumNippon Sanso expands South Korea semiconductor gas capacityIndian Green Energy Stocks See Mixed Trading As Sensex And Nifty Fall On October 1Huawei Unveils Six Global Power Showcases, Unlocking a New Power System with AI-Energy SynergySWELECT Energy Systems Appoints Pradeep Kumar Madhur as Chief Business OfficerSPARC Signs Three-Year Power Supply Deal for 3.82 MWp Bulacan Solar Plant In PhilippinesShakti Pumps Receives IND AA-/Stable/IND A1+ Ratings for Bank FacilitiesBrent Tumbles to $96 as Gulf Oil Flows Bounce BackTrump Admits Diesel U.S. Export Ban Could Raise Gasoline PricesJPM Flags ‘Remarkable Recovery’ for Oil MarketPulsar signs $85.5m Minnesota equipment-supply dealInfineon opens major semiconductor plant in Thailandgasworld US – October 2026 – Helium Issuegasworld global – October 2026 – Medical Gases & SafetyDeadly Blast Hits Major Indian Refinery as Fuel Markets TightenU.S. Oil and Gas Production Climbs Despite Extreme Oil Price VolatilityGermany Orders SEFE to Add 8 TWh of Gas to StorageReinvention Award Finalist: Moneypoint Synchronous CondenserUSA, South Korea targeting six AP1000 and two APR1400 unitsWANO stresses importance of collaboration for nuclear growthHinkley Point C completes 620-metre tunnel for fishFour key issues when building nuclear in different countries, according to RosatomConstellation, Amazon agree nuclear-focused power purchase dealRussia Extends Diesel Export Ban Through Oct. 31OPEC+ Expected to Keep Oil Production Quotas UnchangedWA Parish Integrates Thermal Evaporation to Tackle FGD WastewaterForeign Investors Pull $3.2 Billion From Indian Markets as Oil Rally ReturnsChina’s Thermal Coal Prices Surge to Three-Year HighAnalysts Cut China’s Q4 Crude Import Forecasts by 400,000 BpdCM2 Supply appoints current President as CEOADBA says UK energy plan overlooks biomethane cost savingsOil Prices Climb as Trump Rules Out Easing Iran SanctionsJP Morgan, Goldman Diverge on Hormuz Oil Flow EstimatesIndia Boosts Middle East Oil Imports, Cuts Russian FlowsWTI Discount to Brent DeepensIndian Green Energy Stocks Trade Mixed As Renewable Energy Shares See Divergent Moves (30 September 2026)ADNEC Group Expands Clean Energy Initiatives With 5 MWp Rooftop Solar Project In UAEAM Green Secures €585 Million 10-Year Renewable Ammonia Supply Deal to Germany Through H2Global AuctionSono-Tek Secures Record $7.19 Million Order for 10 Clean Energy Coating SystemsSouth Africa Launches Consultation On Revised Electricity Pricing Policy And Market ReformsSouth Korea set to invest $54bn in Alaska LNG in the USIran conflict and LNG disruption unlikely to end before 2027, warns risk expertU.S. Taps Strategic Oil Reserve Again as Diesel Tops $6US Distillate Stocks Continue to Fall As Crude Inventories BuildAir Liquide to invest €170m in Japan semiconductor gasesGerman SOFC start-up eyes 250MW factory after $175m capital raiseEU Weighs One-Year Delay to Methane Rules as Winter Energy Risks RiseFirst construction permit issued for BWRX-300 SMR in the USSellafield selects partners for asset care frameworkTullow Oil loses Ghana tax dispute, sending shares down 50%Armenia to make new nuclear decision ‘in near future’Saskatchewan firms up nuclear power ambitionsDangote Targets 10 Million Investors in Africa’s Biggest IPOThree EU Nations Call for New 2040 Renewable Energy GoalSaudi Arabia Restarts Red Sea Crude Oil LoadingsIndia Looks to Boost Exploration as Hormuz Crisis Threatens SupplyUAE’s Next $25 Billion Bet On India Includes Energy SectorLNG Canada to Double Export Capacity After Shell Approves Phase 2Aether Fuels demonstrates integrated SAF platformVideo | North American CO2: the ‘wheel of fate’ of supply disruptionChina’s LNG Imports Set for Second Straight Monthly DropArgentina Threatens UK with Court Action Over Falklands Oil DrillingIndia Unlikely to Ditch Russian Oil Despite Trump’s 100% Tariff ThreatOil Risk Premium Is Becoming StructuralLNG Canada Phase 2 reaches FID, set to double capacityLNG Canada Phase 2 reaches FID, set to double capacity

US Refiners Can Still Absorb More Venezuelan Crude, Energy Secretary Wright Says

Business & Policy
June 12, 2026

(Reuters) – U.S. refiners can still absorb more Venezuelan crude, Energy Secretary Chris Wright said Friday at an event at Port Houston.

Venezuela is sending about half of its total exports of 1.2 million barrels a day to the U.S., Wright said, adding that that percentage could increase in the coming months.

Get the Latest US Focused Energy News Delivered to You! It’s FREE:

Iran is not currently exporting any oil or products, Wright added. The U.S. has stepped up to fill the oil export void amid the Middle East conflict, Wright continued.

Reporting by Marianna Parraga in Houston