Venezuela Oil Output Weathers Chevron Exit With Diluent Spree

Venezuela Oil Output Weathers Chevron Exit With Diluent Spree

Venezuela’s oil output has been more resilient than expected since the US forced Chevron Corp. to wind down operations in the country, with a last-minute shopping spree for a key production supply helping cushion the blow.

Venezuela: Oil Industry Navigates Sanctions, Places 90 Percent of Exports to China - Venezuelanalysis

Caracas, July 21, 2025 (venezuelanalysis.com) – The Venezuelan oil sector has maintained production and export levels in the face of renewed US sanctions in recent months, showed the latest report from the Organization of Petroleum Exporting Countries (OPEC). The monthly publication placed the Caribbean nation’s crude output at 910,000 barrels per month (bpd) in June, as measured by secondary sources. The figure represents a 2,000 bpd increase c…

Venezuela oil industry navigates sanctions, places 90 percent of exports to China - Caribbean News Global

CARACAS, (venezuelanalysis.com) – The Venezuelan oil sector has maintained production and export levels in the face of renewed US sanctions in recent months, showed the latest report from the Organization of Petroleum Exporting Countries (OPEC). The monthly publication placed the Caribbean nation’s crude output at 910,000 barrels per month (bpd) in June, as measured by secondary sources. The figure represents a 2,000 bpd increase compared to May…