U.S. Swaps Venezuelan Fuel Oil For Russian Products

The United States has been raising its imports of fuel oil from Russia over the past year and a half after the U.S. imposed sanctions on Venezuela’s exports, Reuters reported on Monday, quoting data from Refinitiv Eikon. Venezuela’s heavy crude oil is suitable to process in complex refineries on the U.S. Gulf Coast, but the sanctions have cut off Venezuelan oil flows to the United States.   Last year, when the U.S. began slapping sanctions on Nicolas Maduro’s regime, refiners started to raise their imports…