February 03, 2023 16:34 GMT
Venezuelan Crude Exports Slip in January
Venezuela’s oil exports fell in January despite Chevrons new license to pull cargoes to the US.
- The new PDVSA chief executive suspended most crude and fuel shipments last month as contracts were reviewed. US cargoes remained.
- Venezuela exported an average of 558,419 bpd of crude and fuel last month, 19% below December levels and the lowest since July, according to data from Refinitiv and internal PDVSA documents.
- Chevron last month received six cargoes totaling 2.32 million barrels of Venezuelan heavy crude.