Increased supply from Venezuela could help drivers at the pump—but it might strain the industry.

The premium for high-sulphur fuel oil in Asia versus the West climbed to its highest in eight months on Friday as traders expect more Venezuelan crude and fuel oil supply to reach the United States in coming months,

Crude oil inventories in the United States posted a sharp draw last week, even as gasoline and distillate stockpiles recorded sizable builds, according to new data released Wednesday

Natural gas tests new lows as traders focus on warmer weather forecasts, which indicate that demand would be lower than previously expected. In case natural gas declines below the support at $3.25 – $3.30, it will move towards the next support level at $3.05 – $3.10.

A petroleum expert weighs in on whether the volatile situation in Venezuela is a factor in the lower gasoline prices.

Increased Venezuelan heavy crude and fuel oil flows to the U.S. Gulf Coast are pushing Asian high-sulfur fuel oil (HSFO) premiums to their highest level in eight months as sanctioned supply to China dwindles.