It’s been nearly a week since the Trump administration allowed Chevron Corp to resume oil production in Venezuela. US fuelmakers have yet to see that oil start flowing to markets.
Some refiners in Texas and Louisiana expected to receive offers of Venezuelan oil soon after the license was issued but have so far received none, according to people with knowledge of the matter. And Petroleos de Venezuela SA hasn’t assigned any cargoes for Chevron in July or August so far, according to port schedules and a person familiar with the situation, although crude continues to load for China.
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