Venezuela's oil exports to the US fading fast
Collapsing shipments point to deep pain in the country's oil industry
For all the trials and tribulations in Venezuela-US relations over the years, the steady stream of oil tankers ferrying crude from Venezuela's Caribbean ports into America's Gulf Coast has been a reliable bond binding the countries together. Those tankers are increasingly scarce these days. Venezuela's crude exports to the US are having their worst month in 30 years as the country's oil output continues to suffer under a spiraling economic and political crisis. Shipments to the US averaged just 394,000 b/d in the first three weeks of January, the lowest monthly pace since 1988, lower even than the bottom of the crippling 2002-03 oil strikes, according to data from the Energy Information Admi
Also in this section
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
12 December 2025
The latest edition of our annual Outlook publication, titled 'The shape of energy to come: Creating unique pathways and managing shifting alliances', is available now
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
