Venezuela Sees Oil Exports Plunge 20% After Canceling Chevron Cargoes

Venezuela saw its oil exports slump by nearly 20% in April from March to the lowest level in nine months, after state-owned oil firm PDVSA canceled cargoes for Chevron, Reuters reported on Thursday, citing shipping documents and tanker-tracking data. Last month, the country holding the world’s largest crude oil reserves exported just 700,000 barrels per day (bpd) of crude and fuels, according to the data. A total of 32 vessels departed from Venezuela’s ports in April, shipping an average of 698,767 bpd of crude and fuel, as well as…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com