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Venezuela exports surge to 800k BPD but output recovery still constrained
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Venezuela exports surge to 800k BPD but output recovery still constrained
Venezuela’s crude and fuel exports jumped to about 800,000 bpd in January from 498,000 bpd in December, a month-on-month increase of 302,000 bpd or about 60.6%, according to shipping data amplified by traders’ sales. The export bounce followed the capture of President Nicolás Maduro and the end of a December oil blockade that had sharply restricted liftings. The December blockade included a US embargo and the seizure of seven tankers, producing …
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