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Venezuelan Crude Exports Tick Higher September

OIL

Venezuela’s oil exports topped 800,000 bpd in September, the second highest monthly pace this year according to Refinitiv.

  • Venezuela has been looking to increase its production and exports but has been hit by numerous power and production issues as it seeks to reach production of 1mn bpd.
  • PDVSA and its partners shipped an average 812,000 bpd of crude and fuel in September, mainly to China.
  • Chevrons exports from Venezuela to the US left at 145,000 bpd, flat versus the month prior.
  • Venezuela reported crude output of 820,000 bpd in August, above the 810,000 bpd it produced in July, for an accumulated average of some 785,000 bpd so far this year.
Energy BulletsCommodities
Energy BulletsCommodities

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