US EditionVenezuela Defies U.S. Sanctions as Oil Exports Hold Steady
- In May 2025, Venezuela's state oil firm PDVSA maintained steady exports averaging 779,000 barrels per day, primarily shipping to Asia from its Boscan heavy crude fields.
- This export stability followed the March revocation of U.S. Licenses ending authorized sales to traditional U.S. And European buyers by May 27 amid sanctions tightened over lack of democratic reforms.
- PDVSA redirected shipments away from partners such as Chevron and Reliance, canceled several cargoes over payment issues, and significantly raised its fuel import volume in May—up from April levels—to build up heavy naphtha supplies needed for production.
- In May, China surpassed all other countries as Venezuela’s top oil importer, taking in roughly 584,000 barrels daily, an increase from about 521,000 barrels per day the previous month, while U.S. Imports rose slightly to nearly 140,000 barrels each day.
- Venezuela's use of intermediaries, shadow shipping, and origin disguise allowed exports to continue despite sanctions, signaling reliance on a single major buyer and persistent export risks under tightening U.S. Restrictions.
17 Articles
17 Articles
Venezuelan oil exports remained stable during May 2025, despite the increase in pressure exerted by the United States. According to boat tracking data published by Reuters, during that month some 30 vessels sailed from Venezuelan ports with an average of 779 thousand barrels per day (b/d) of crude and refined products, in addition to 291,000 metric tons of derived products and petrochemicals. Although this figure represents a slight contraction …
The Growing Challenge the 'Ghost Fleet' Poses to Illegal Sanctions
By Misión Verdad – Jun 4, 2025 Venezuelan oil exports have remained stable through May 2025, despite increased pressure by the US empire. According to vessel tracking data published by Reuters this Tuesday, June 3, some 30 vessels departed from Venezuelan ports the previous month, carrying an average of 779,000 barrels per day (bpd) of crude oil and refined products, as well as 291,000 metric tons of derivatives and petrochemicals. Although this…
Rodríguez confirmed that all international oil companies maintain full production in national territory, denying versions that pointed to a decrease in extractive activity in the South American country. During her participation in the World Congress of Retailers held in Caracas, the Minister of Hydrocarbons also detailed the operational state of the main companies: «At this hour Chevron, full production. At this hour the Eni fields, full product…
Venezuela’s Oil Exports Hold Steady as China Steps In
Venezuela’s oil exports remained stable in May 2025, according to state oil company PDVSA and vessel-tracking data. Increased shipments to China offset a sharp drop in sales to the United States and Europe after Washington revoked export licenses for companies trading Venezuelan crude. This shift marks a significant change in Venezuela’s oil trade, with China […]
Venezuela Defies U.S. Sanctions as Oil Exports Hold Steady
Venezuela’s oil exports remained largely unchanged in May despite mounting pressure from the U.S. and the expiration of key licenses that once allowed limited sanctioned trade. Increased shipments to China helped offset a sharp drop in U.S.-authorized sales as state-run PDVSA scrambled to re-route barrels ahead of tightening sanctions. According to internal PDVSA documents and vessel-tracking data, Venezuela shipped 779,000 bpd of crude and refi…
2 ways to get cooking gas in Venezuela \ stacker news ~econ
In a recent post, I shared the two ways to get gasoline in Venezuela. In this post, I'll tell you a little about obtaining cooking gas. In an oil-producing country, it should be simple, but in Venezuela, it becomes an ordeal. I went to visit my grandmother and was surprised to find she was cooking on a single-burner electric stove, the kind that's very slow and breaks down quickly. I asked her about her gas stove, and she told me she hadn't had …
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