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Venezuela: oil exports increase by 30% in May

05/06/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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After reaching a very low level the previous month, oil exports from Venezuela recovered in May. Customers of the national oil company PDVSA rushed to take cargo before the resumption of American sanctions against the South American

country.

A total of 50 ships left Venezuelan waters in May, carrying an average of 708,900 barrels per day (bpd) of crude and fuel, and 614,000 tons of petrochemicals and petroleum by-products. The volume of oil shipped in May increased by 30% compared to April and by 7% compared to the same month of the previous year. Exports of petrochemicals and by-products have not been higher in 13 months

.
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