U.S. refiners can still absorb more Venezuelan oil, Energy Secretary Wright says

U.S. Energy Secretary Daryl Wright said U.S. refineries still have capacity to absorb additional Venezuelan crude. The comment came amid discussions about how increased Venezuelan supplies would affect U.S. imports and refining flows. He did not specify volumes or timing, and political and sanctions considerations remain important for actual supply dynamics.

A U.S. official saying refineries can take more Venezuelan crude suggests potential additional supply that could weigh on oil prices, which can indirectly support safe-haven demand for gold. Because volumes, timing and sanctions implications were not specified, the near-term market impact is moderate rather than decisive.