Southwest
Key red state could decide US gas prices as Venezuelan oil hits the market
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Nobody handles oil quite like Texas and a fresh supply of Venezuelan crude could soon be headed to the Lone Star State’s coast.
The first barrels of thick, tar-like crude could arrive as soon as next week at ports across Texas, Louisiana and Mississippi, where dense clusters of refineries are built and bred to process heavy oil.
The development follows President Donald Trump’s Tuesday evening announcement that Caracas will transfer up to 50 million barrels of oil to the U.S., worth about $2.8 billion at current market prices.
WE’RE GOING TO LET THE OIL FLOW: ENERGY SECRETARY SAYS US WILL OVERSEE VENEZUELAN OIL SALES
Venezuelan children swimming near an oil tanker docked at a pier near the refinery of the state oil company PDVSA. (Jesus Vargas/picture alliance/Getty Images)
“The Gulf Coast concentrates most of our refining capacity, and those refineries were built or revamped over the years to process extra-heavy crude similar to what is produced in Venezuela,” explained Jaime Brito, executive director of refining and oil products at OPIS.
“From a market perspective, additional volumes of extra-heavy crude entering the U.S. refining system would be an extraordinarily positive development,” Brito said. “It would allow refiners to operate more efficiently, something they haven’t been able to do for years and could help keep gasoline and diesel prices at better levels because refiners would have access to cheaper crude and more optimal operations.”
‘WE BUILT VENEZUELA’S OIL INDUSTRY:’ TRUMP VOWS US ENERGY RETURN AFTER MADURO CAPTURE
He added that tankers could arrive within five to six days if they leave Venezuelan waters on Thursday.
Because Gulf Coast refineries supply a large share of the nation’s fuel, shifts in how efficiently they operate can ultimately ripple through to prices paid by U.S. consumers.
Texas oil refineries are poised to benefit from additional crude oil supplies. (Brandon Bell/Getty Images)
The arrival of 15 to 25 oil tankers carrying up to 50 million barrels of crude is only a fraction of what Venezuela could ultimately supply.
With more than 300 billion barrels of proven reserves, it holds the world’s largest oil endowment — eclipsing long-standing energy heavyweights like Saudi Arabia, Iraq and Kuwait.
Despite its vast reserves, U.S. sanctions have effectively blocked most Venezuelan crude from reaching the U.S. Gulf Coast, leaving Chevron — operating under a special authorization — as the sole exporter of limited volumes.
US NOW IN CONTROL OF VENEZUELA’S OIL RESERVES, THE LARGEST IN THE WORLD
A Chevron Corp. flag flies on the drilling floor of a Nabors Industries Ltd. drill rig in the Permian Basin near Midland, Texas, on March 1, 2018. (Daniel Acker/Bloomberg/Getty Images)
That disruption has been felt most acutely in Texas, which anchors the nation’s refining hub and hosts several of the country’s largest heavy-crude refineries.
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A renewed flow of Venezuelan barrels could also intensify competition in the heavy-crude market, particularly between Venezuela and Canada, Brito said.
“You’re going to have fierce competition between Canada and Venezuela, which benefits American refiners and gives them more flexibility to potentially lower fuel prices,” he said, adding that he was speaking strictly from an oil-market perspective.
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Los Angeles, Ca
Motorcyclist killed by hit-and-run truck driver in Sun Valley
A truck driver was arrested for a hit-and-run crash that killed a motorcyclist in Sun Valley.
The Los Angeles Police Department identified the suspect as Edvard Gyulnazaryan, 64, of Glendale.
On May 28, police responded to the crash near Bradley Avenue and Tuxford Street around 4:20 a.m.
Gyulnazaryan was driving a semi-truck when he made a left turn onto a private property.
A motorcyclist from behind attempted to pass on the left side of the truck during the turn and was struck by the vehicle.
Gyulnazaryan continued driving and did not stop to check on the motorcyclist, police said.
The biker was pronounced dead at the scene by paramedics. His name is being withheld pending identification and notification to next of kin.
Police said Gyulnazaryan returned to the scene hours later and was taken into custody. He was booked at the Van Nuys jail for felony hit-and-run causing death.
“Motorists are reminded that if they become involved in a collision, they should pull over and stop as soon as it is safe to do so, notify emergency services, and remain at the scene to identify themselves,” LAPD said.
Anyone with information on the incident is asked to call Detective Ramirez at 818-644-8025 or Officer Reyes at 818-644-8114.
During non-business hours or on weekends, calls should be directed to 1-877-527-3247. Anonymous tips can be provided to L.A. Regional Crime Stoppers at 1-800-222-8477 or online at lacrimestoppers.org.
Los Angeles, Ca
Man stabbed to death after violent dog attack on Hollywood Walk of Fame
Loved ones are devastated after a 37-year-old man was attacked by a dog and stabbed to death by several men on the Hollywood Walk of Fame.
The unprovoked attack happened on May 20 as Berry Henderson, 37, was standing at a bus stop near Hollywood Boulevard and Las Palmas Avenue around 3 p.m.
Surveillance video showed Henderson running into the street as a dog was seen chasing him and aggressively biting him.
Henderson managed to pull out a knife and stabbed the dog to defend himself. That’s when a group of four men, one of whom was the dog’s owner, rushed over to attack Henderson. A suspect who was armed with a machete was seen stabbing and punching Henderson.
The victim’s cousin, Sharon Grimes, said she was stunned that no bystanders acted to help Henderson.
“People around weren’t doing anything,” she said. “I didn’t see anybody try to come to his rescue, with all that blood. Nobody picked up the phone.”
“That’s what makes it so shocking,” said Najee Ali, a community activist. “That someone could actually be stabbed to death, beaten and bit by a dog in broad daylight with no one helping.”
Henderson, who was critically injured, stumbled across the street while trying to escape the attackers, but the men quickly came after him again.
“He was running away,” said Demeya Brewer, the victim’s cousin. “He was down on the ground, running away and they still continued to attack him.”
Henderson, who had suffered multiple stab wounds, died from his injuries at the hospital.
Los Angeles Police Department officers responded to the scene and were able to locate and arrest three suspects. The fourth male suspect managed to escape.
On Friday night, Henderson’s family gathered at the scene for a candlelight vigil to honor Henderson, who was a student at a local trade school. Family members said he was a peaceful man who was loved by his friends and community.
“My cousin was not a threat to anyone,” Brewer said. “This was his area, his neighborhood. Business owners knew him. We need more love and peace.”
Henderson’s family believes there are witnesses who likely know where the fourth suspect is hiding. They’re asking anyone with information on the case to call the LAPD at 213-382-9470.
Los Angeles, Ca
Man arrested for multiple Los Angeles freeway shootings: CHP
A man suspected of repeatedly shooting at other vehicles while driving on the 405 Freeway in Los Angeles County was arrested on May 29, according to the California Highway Patrol.
CHP pulled over the suspected shooter, Martin Moreno-Pacheco, in South Los Angeles at about 3:40 a.m. Friday. Prior to his arrest, CHP officers suspected that Moreno-Pacheco was connected to multiple freeway shootings in recent days.
On May 26, a driver reported a car-to-car shooting, which they said happened on the 405 Freeway near Wilmington Avenue on May 23. The victim told investigators that the person responsible for the shooting was driving a black pickup truck.
“The victim reported an unprovoked shooting occurred, resulting in damage to the victim’s vehicle,” CHP said.
On May 28, at about 5:30 a.m., another car-to-car shooting was reported on the 405 Freeway south of Vermont Avenue. The victim told investigators that their car was damaged in a shooting committed by someone in a black pickup.
“Based on the investigation conducted, both incidents, as well as a third incident, which occurred on May 22, 2026, were determined to be committed by the same individual,” CHP said.
Moreno-Pacheco was found and arrested a week later. Upon searching Moreno-Pacheco’s truck, CHP officers found a loaded BB gun inside the truck’s passenger compartment.
No one was injured in the shootings, CHP said. CHP is asking any additional witnesses or victims of the alleged crimes to contact Officer C. Ortega at the CHP South Los Angeles Area office at (424) 551-4000.
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