Texas Refineries Rely on Venezuelan Oil Amid Middle East Disruptions

Imports of Venezuelan oil to Texas refineries have surged in recent months due to disruptions in Middle Eastern supplies caused by the ongoing Iran war. The Gulf Coast's largest suppliers, Saudi Arabia and Iraq, represented over 12% of total crude oil imports into Texas and the broader Gulf Coast in 2025.

In contrast, Venezuelan imports have nearly quadrupled since the Strait of Hormuz first closed in late February, with an average of 575,000 barrels per day being imported in June. This is a significant increase from January's average of 110,000 barrels per day, according to federal data.

The Texas coast has received the largest share of imports so far this year, with 43% of Venezuelan oil flowing to over 10 refineries equipped to handle Venezuela's heavy crude grade. The remainder has gone to Louisiana refiners, while some have moved to Mississippi and Delaware.

Analysts expect these rapid increases in imports to level off in the coming year as production levels plateau at around 1.15 million barrels per day by 2027. This is due to several international oil companies, including Chevron, signing deals with the Venezuelan government that allow them to expand their operations.