Reuters: Venezuela’s oil exports fall in October due to lower stocks and diluent imports
Venezuela’s oil exports declined by 26% to 808,000 barrels per day in October, according to Reuters.
Venezuela’s oil exports declined by 26% to 808,000 barrels per day in October, according to Reuters.
According to the latest OPEC report, Venezuela’s oil production has continued to increase since June despite the imposition of new restrictive measures by the United States.
The government of Nicolás Maduro would have offered the United States a dominant stake in Venezuela’s oil and mineral wealth in discussions that lasted for months, in order to stave off a military escalation.
The Gulf emirate, known for its role as a mediator in international conflicts, is keeping a communication channel open between the United States and Venezuela amid tensions over the US military presence in the Caribbean.
The Spanish oil company Repsol is in advanced talks with the Donald Trump administration to receive more than 330 million euros (about 387 million dollars) in crude oil and derivatives as part of the payment for the debt that Petróleos de Venezuela S.A. (PDVSA) has with the company.
Venezuela exported 1.09 million barrels per day in September, the highest monthly level since February 2020, according to data referenced by Reuters.
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