MNI: FED'S BARKIN STILL CONFIDENT UNDERLYING INFLATION FALLING

MNI China Daily Summary: Friday, January 3

MNI China Press Digest Jan 3:RRR Cut Mooted, Yuan, Consumption

MNI BRIEF: Beijing Boosts Consumer Trade-ins To Cellphones

MNI: PBOC Net Drains CNY88.5 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1878 Fri; -2.29% Y/Y

US EIA:NAT GAS STORAGE -116 BCF TO 3,413 BCF JAN 03 WK

MNI: US ISM DEC MANUF PURCHASING MANAGERS INDEX 49.3

MNI: UK NOV M4 MONEY SUPPLY +0% M/M, +2.9% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Venezuela’s 2024 Oil Flows Hit 5-Year High

OIL
StoryEnergy BulletsCommodities

Crude oil exports from Venezuela rose for a second straight year to a 5-year high in 2024, boosted by the temporary easing of sanctions, Bloomberg said citing Kpler data.

  • Jan-Dec exports climbed to 555k b/d, up 7.7% on the year and the highest since sanctions were imposed by the first Trump administration in 2019.
  • Volumes to the US climbed to a six-year high of 234k b/d, while volumes to China fell to 183k b/d, the lowest since at least 2017.
  • Total exports in December fell 28% on the month to a 5-month low of 482k b/d.
  • The US received 295 b/d of Venezuelan crude in December, the highest since Jan. 2019.
108 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Crude oil exports from Venezuela rose for a second straight year to a 5-year high in 2024, boosted by the temporary easing of sanctions, Bloomberg said citing Kpler data.

  • Jan-Dec exports climbed to 555k b/d, up 7.7% on the year and the highest since sanctions were imposed by the first Trump administration in 2019.
  • Volumes to the US climbed to a six-year high of 234k b/d, while volumes to China fell to 183k b/d, the lowest since at least 2017.
  • Total exports in December fell 28% on the month to a 5-month low of 482k b/d.
  • The US received 295 b/d of Venezuelan crude in December, the highest since Jan. 2019.