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

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Letter from Mexico: Mexico plays catch-up
2 December 2021
The country’s upstream strategy seems at odds with reality and will require an about-turn if there is any hope of meeting its production targets
European chemicals sector rises to climate challenge
1 December 2021
Industry responds to EU’s ‘Fit for 55’ package with new business models and alliances with other sectors, says PwC’s global head of chemicals
Energy transitions for a sustainable future
1 December 2021
The challenge of meeting global energy demand while hitting net-zero targets will be at the core of this year’s World Petroleum Congress
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video