Venezuela's Oil Exports to the US Hit a Seven-Year High

Energy: Venezuela

Key Facts

—Record flow. Venezuela shipped about 786,000 barrels per day to the United States in July 2026 — the most since early 2019 — out of total exports of 1.16 million b/d, ship-tracking data reported by Reuters show.

—Production back. Crude output reached 1.12 million b/d in July, up from a 941,000 b/d average in 2025, according to OPEC secondary-source data cited by fDi Intelligence on August 19.

—Chevron expands. Chevron’s Venezuelan joint ventures grew production 15% in six months to 280,000 b/d, and the company targets up to 50% more by end-2028, its CFO said July 31.