Daily oil exports from Venezuela fell to 1.16 million barrels in July, while US-bound shipments hit their highest level since 2019.
Venezuela’s crude oil exports averaged 1.16 million barrels per day in July, down from 1.2 million barrels in June due to reduced storage withdrawals. The decline contrasts with rising shipments to the US, which reached 786,000 barrels daily, the highest since early 2019.
Exports to the US have steadily increased following Washington’s policy shifts in January. The July figure marks a notable rebound in bilateral oil trade, despite broader declines in Venezuela’s overall export volumes.
No immediate market reaction was reported, though the shift in trade flows may influence regional oil supply dynamics.