Venezuela Oil Exports Hit 7-Year High
Shipments to the United States, India and Europe increased as Washington eased sanctions and more cargoes moved through PDVSA partners.
- Venezuela's oil exports reached 1.25 million barrels per day in May, marking a third consecutive month of growth fueled by higher shipments to The United States, India, and Europe.
- Under the Washington-supervised pact, interim President Delcy Rodriguez has overseen a crude production rebound; exports surged 61% compared to May 2025 as eased sanctions on PDVSA enabled foreign company expansion.
- The United States received 558,000 barrels per day, while global traders Vitol and Trafigura increased shipments to 787,000 barrels per day; Chevron's exports fell to 269,000 barrels per day.
- India imported 427,000 barrels per day, its highest volume in six years, as Reliance Industries sourced crude directly from PDVSA and suppliers amid Middle East supply pressures.
- The oil ministry forecasts output reaching 1.37 million barrels per day by year-end, a level unseen since 2019, enabling Venezuela to resume sales to previously inaccessible markets.
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12 Articles
Venezuela's oil exports rose to 1.25 million bpd in May, ...
A country that for years was besieged by strict economic sanctions and isolated by the Western Bloc, Venezuela has now suddenly transformed into a savior of the global energy supply.
Venezuela's oil exports surge to highest level in yearsVenezuela's oil exports rose to 1.25 million barrels per day in May, helped by easing US sanctions and demand in India and Europe.
Venezuela’s oil exports increased slightly to 1.25 million barrels per day in May, its third consecutive month of increase, driven by more charges to the United States, India and Europe, according to maritime transport data on Monday. Venezuelan crude oil production and export have recovered this year, as Washington has [...] The entry Venezuelan oil exports increased to 1.25 million barrels per day in May was first published in Foco Informativa.
www,finanzasdigital.com Venezuela's oil exports rose in May to 1.25 million barrels per day (bpd), its third consecutive monthly increase, driven by larger dispatches... The post Venezuela increases crude shipments to 1.25 million bpd in May appeared first on Digital Finance.
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