| The U.S., the world’s largest oil consumer, will continue to import crude from Colombia and Venezuela, according to the International Energy Agency. A mismatch in the U.S. refining system creates a preference for heavy crude grades from nearby countries, Antoine Halff, head of IEA’s markets division, said during a conference in Cartagena.
“The quality of Colombian crude suits the U.S. very well,” and the same is true for new production from Venezuela’s Orinoco heavy oil belt, said Halff...............................................Full Article: Source
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