2026년 2월 19일 · Unknown · financial · 출처 Seeking Alpha
[Phillips 66 Sign Against Sky]
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U.S. refiners Phillips 66 (PSX [https://seekingalpha.com/symbol/PSX]) and Citgo Petroleum are seeking to buy heavy crude directly from Venezuelan state oil company PDVSA starting in April to maximize profits, rather than purchasing through producer Chevron (CVX [https://seekingalpha.com/symbol/CVX]) or trading houses, Reuters reported Wednesday.
The U.S. has granted licenses to trading houses Trafigura and Vitol to export Venezuelan oil, but the two refineries reportedly are looking at cutting out the middleman for their own operations.
Phillips 66 (PSX [https://seekingalpha.com/symbol/PSX]), which bought Venezuelan oil from Vitol last month at ~$9/bbl below Brent crude, is looking at obtaining compliance and internal clearance to purchase crude from state-run PDVSA and transport it itself to its Gulf Coast facilities, according to the report [https://www.reuters.com/business/energy/us-refiners-phillips-66-citgo-seek-buy-crude-directly-venezuela-sources-say-2026-02-18/].
Citgo, which bought a 500K-barrel cargo of Venezuelan heavy crude for February delivery from Trafigura, told Reuters it plans to take advantage of opportunities provided under the general license to purchase crude directly from Venezuela, aiming to process the crude in the coming months at its Gulf Coast refineries.
Valero (VLO [https://seekingalpha.com/symbol/VLO]), which previously bought Venezuelan crude from Vitol for U.S. Gulf Coast delivery, reportedly plans to buy directly from PDVSA later in the year after it assesses the condition of Venezuela's loading infrastructure.
MORE ON PHILLIPS 66
* Phillips 66 Q4 2025 Earnings Call Presentation [https://seekingalpha.com/article/4865948-phillips-66-2025-q4-results-earnings-call-presentation]
* Phillips 66: Finally Positioned For A Refining Up-Cycle (With A Venezuela Kicker) [https://seekingalpha.com/article/4862929-phillips-66-stock-finally-positioned-for-refining-up-cycle-with-venezuela-kicker]
* Phillips 66: A Winner In The Venezuela Sweepstakes (Rating Upgrade) [https://seekingalpha.com/article/4858760-phillips-66-a-winner-in-the-venezuela-sweepstakes-rating-upgrade]