Venezuela's heavy crude quality debate has persisted since 2023, when concerns were raised about the tar-like composition of its oil reserves. Despite minimal changes in the actual crude characteristics, shifts in energy policy have significantly altered market dynamics and trade accessibility. The quality challenge remains consistent—Venezuelan heavy crude continues to require specialized refining infrastructure. However, evolving trade regulations and geopolitical positioning are reshaping how energy markets access and valuate these reserves. This creates ongoing implications for global oil markets, energy security strategies, and crude sourcing for refineries dependent on heavy feedstock.

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