According to Energy Secretary Chris Wright, how much Venezuelan crude is currently going to the U.S., and what is the potential for increase?

Wright stated that Venezuela is sending about half of its total exports—1.2 million barrels per day—to the U.S., meaning approximately 600,000 barrels per day are currently flowing to U.S. refiners; he added that this percentage could increase in the coming months, indicating that U.S. refiners still have capacity to absorb more Venezuelan crude.

What did Energy Secretary Wright say about Iran’s oil exports and the U.S. role amid Middle East conflict?

Wright said Iran is not currently exporting any oil or petroleum products, and that the U.S. has stepped up to fill the resulting oil export void amid the Middle East conflict.

US Refiners Can Still Absorb More Venezuelan Crude, Energy Secretary Wright Says

Jun 12, 2026

U.S. Energy Secretary Chris Wright stated American refiners can absorb more Venezuelan crude, currently taking half of its 1.2 million barrel daily exports. The U.S. is filling the oil supply void left by Iran amid the ongoing Middle East conflict.

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