Venezuela

Gulf Coast refineries are welcoming the surge from Venezuela during the prolonged Strait of Hormuz closure that’s virtually halted imports from Iraq and Saudi Arabia.

Refineries in Texas and along its Gulf Coast could get a boost from Venezuela's heavy crude. But oil producers might hesitate to get involved in the country while its future remains uncertain.

Texas-based oil companies have largely been silent on Trump’s assertion that they would help to rebuild Venezuela’s oil infrastructure.