Venezuela Oil Exports to US Hit Highest Since 2019

Energy: Caracas

Key Facts

—Exports. Venezuela’s crude shipments to the United States averaged about 786,000 barrels per day in July, the highest level since early 2019, according to Reuters vessel-tracking data.

—Rebound. US-bound volumes have climbed steadily from roughly 284,000 bpd in January, the month Nicolás Maduro was captured and Washington assumed de facto oversight of the oil industry.

—Transition. US Secretary of State Marco Rubio said Venezuela’s political transition would take “months, not years,” describing phases of stabilization before elections.