According to @business, refineries owned by HF Sinclair (DINO) and Phillips 66 (PSX) received exemptions from U.S. biofuel blending mandates on Friday, while Chevron’s (CVX) requests were denied on Nov 7, 2025, under the Trump administration, source: Bloomberg @business. These exemptions waive Renewable Fuel Standard obligations at the named facilities by removing the need to blend biofuels or purchase Renewable Identification Number credits for the covered period, directly altering facility-level compliance costs and RIN exposure, source: U.S. EPA Renewable Fuel Standard Program. HF Sinclair trades as DINO, Phillips 66 as PSX, and Chevron as CVX on the NYSE, source: NYSE. The source did not report any cryptocurrency market effects or impacts on BTC or ETH, source: Bloomberg @business.

According to @StockMKTNewz citing Reuters, the first two cargo ships carrying Venezuelan oil exported by Chevron (CVX) after receiving a fresh U.S. authorization last month have departed for the United States (source: Reuters). Additional Venezuelan barrels increase U.S.-bound supply, and increases in crude supply generally put downward pressure on prices under global supply-demand dynamics (source: U.S. Energy Information Administration). Energy prices carry a meaningful weight in U.S. headline CPI, so oil moves feed directly into inflation prints that markets track (source: U.S. Bureau of Labor Statistics). The Federal Reserve targets 2 percent inflation, making inflation data a key driver of policy expectations that influence risk assets (source: Federal Reserve). Crypto markets have shown stronger co-movement with equities and macro shocks since 2020, so policy- and inflation-driven risk sentiment can spill over to BTC and ETH volatility and liquidity (source: International Monetary Fund).