Venezuela’s crude oil exports climbed above 800,000 barrels per day in September, the second-highest monthly export rate this year.
Start Trading CFDs Over 2,200 Different InstrumentsStart Trading CFDs Over 2,200 Different Instruments23 hours5 daysCrude oil exports from Venezuela last month topped 800,000 barrels daily, which was the second-highest monthly export rate since the start of the year.
The report, which cited documents from PDVSA, also noted that higher exports have resulted in lower inventories of the country’s flagship Merey 16 crude blend, which could have a negative effect on exports in the coming months. For August, PDVSA reported an average daily production rate of 820,000 barrels, an increase of 10,000 bpd from July, and a bigger increase from the average 785,000 bpd for the first eight months of the year.
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