Refineries (at least those built by American companies) are designed with specific crude slates in mind, and the decisions about which oil to run are shaped by engineering limits, market prices, and strategic risk. Refining Venezuelan oil requires considering all three.

President Donald Trump announces Venezuela will move 30-50 million barrels of oil worth $2.8 billion to U.S. after former President Nicolás Maduro's capture by American forces.

The country’s “extra heavy” oil packs some of the highest associated greenhouse gas emissions of any crude oil.

U.S. oil companies’ planned $100 billion investment to restore Venezuela’s oil infrastructure is aimed at stabilizing future supply—a move that convenience‑store retailers might benefit from in the long term, said Peter Rasmussen, CEO of Convenience and Energy Advisors.

Vitol and Trafigura have started discussions on Venezuelan crude oil sales with refiners in India and China for cargoes to be delivered in March, several trade sources said on Monday.

Crude prices are low. Companies are being cautious. But huge reserves — particularly of the heavy, viscous oil Venezuela has in abundance — remain appealing.

Venezuelan crude oil worth $2.8 billion could reach Texas refineries next week following Trump's announcement of 50 million barrels heading to Gulf Coast.

Chinese independent refiners are expected to switch to heavy crude from sources including Iran in coming months to replace Venezuelan shipments halted since the U.S. removed the country's president, traders and analysts said.

Most of the reserves in the country are extra-heavy oil that’s tough to extract and generates more greenhouse gases.

Most of the state's 15 crude oil refineries were built specifically to process the heavy sour crude that comes from Venezuela and turn into products like diesel, fuel oil and asphalt.

ClearView Energy Partners Managing Director Kevin Book discusses how a post-Maduro Venezuela could shape the global oil market on ‘Fox News Live.’