Venezuela’s Growing Oil Exports to the United States: Key Facts and Figures

2023-11-04 22:12:11

According to a report from the Energy Information Administration (EIA), Venezuela is among the 10 countries that sell the most oil to the United States, following the Export of Creole crude oil to the North American country will increase to 145 thousand barrels of oil per day (bpd) in August.

According to the EIA, There are 22 countries that export hydrocarbons to the United States. Furthermore, the US is one of the main oil consumers in the world.

In that sense, according to the aforementioned agency, during the month of August, The US imported a total of 7 million 19 thousand bpd.

Venezuela ranks ninth on the list of countries that sell oil to Americans. In such a way that it contributes 2% of what that country needs.

The first is Canada, which exports 57% of the total that its neighbor needs, which is equivalent to a total of 4 million 33 thousand bpd. Followed by Mexico and Saudi Arabia, which close the top three exporters. These countries sent 727 thousand bpd (10%) and 396 thousand bpd (6%) in the same period, respectively.

He Colombia occupies eighth placethis country is followed by Iraq, Ecuador, Nigeria and Brazil.

Partial lifting of sanctions

After the temporary relaxation of the unilateral coercive measures imposed on PDVSA by the US, Venezuela increased its oil exports to that country. As well as to other nations with whom trade was practically nil.

Since last March, the country has had stable exports. So the trend remains above 100 thousand bpdpoints out Last News.

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