Venezuela’s Oil Exports Fall Even as U.S. Shipments Hit Seven-Year High

Venezuela exported 1. 16 million barrels of crude oil daily last month, a slight decline from June’s 1. 2 million barrels daily, on lower withdrawals from storage, Reuters has reported, noting that exports to the United States during that month increased.

July exports to Venezuela’s biggest oil destination averaged 786,000 barrels daily, which was the highest since early 2019, Reuters noted in its report. U. S.