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Venezuela’s Oil Exports Hit Seven-Year High as Global Buyers Return

Venezuela’s oil production and exports are set to increase in the coming months as the United States further eases the rules of operating…

Source OilPrice AI Summary Updated 5h 10m ago

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Venezuela’s oil production and exports are set to increase in the coming months as the United States further eases the rules of operating in the world’s biggest crude resource holder after taking control over the industry following the capture of Nicolas Maduro. The rise of Venezuela’s oil supply is good news for South America’s oil producers and sellers, which have stepped up shipments so far this year amid the disruption in the Middle East. It’s also good news for the U.S., whose refineries are taking increased volumes…

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