Venezuela oil exports to the US averaged about 786,000 bpd in July 2026, the highest since 2019, as officials projected recovery.

Venezuela’s oil exports dipped to 1.16 million barrels per day in July, while shipments to the United States reached their highest level since early 2019.

Chevron has raised Venezuelan output to about 280,000 bpd under a US license as BP, Eni, Shell and Repsol follow and Trump credits his administration.