Related Articles
Forward article link
Share PDF with colleagues

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 Ad



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Kuwait and Oman hope for peace dividend
26 January 2021
More cordial Saudi-Qatar relations raise hopes for economic and energy investment progress in other GCC allies. But serious challenges remain
Pavilion prepares for carbon neutrality as normal
26 January 2021
The Singaporean firm is laying the foundations for when carbon-neutral LNG will be a requirement
Caracas turns to capitalism for survival
26 January 2021
Venezuelan government makes moves to liberalise oil sector as economic sanctions push production to 50-year low
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video