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02.06.26 - 23:21
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Venezuela Oil Exports Hit 7-Year High (ZeroHedge)
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Venezuela Oil Exports Hit 7-Year High
Authored by Tsvetana Paraskova via OilPrice.com,
Venezuela's oil exports inched up from April to hit a fresh seven-year high in May as shipments to the United States and India continued to rise.
Venezuela exported an estimated 1.25 million barrels per day (bpd) of oil in May, up by 0.7% compared to April's 1.23 million bpd exports and a massive 61% jump compared to May 2025, according to ship-tracking and vessel-loading data reviewed by Reuters.
Venezuela has been steadily increasing its oil exports since the U.S. took control over its oil sales following the capture of Nicolas Maduro early this year.
The U.S. has eased sanctions on Venezuela's oil industry and its state oil firm PDVSA, allowed Western firms to return to Venezuelan operations, and has encouraged American companies to sign production and export deals.
The U.S. and India have become major buyers of Venezuela's oil after the sanctions were dropped and the top international oil traders Vi...
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