US refiner Valero to import up to 6.5 million barrels of Venezuelan crude in March, sources say

Valero Energy plans to import significant Venezuelan crude oil in March. This move could position Valero as the leading foreign refiner of Venezuelan oil. The company is sourcing most of its supply from Chevron. Venezuela's oil production and exports are expected to rise dramatically. This development follows the easing of U.S. sanctions on Venezuela's oil sector.