Venezuela's oil output rose to about 1.12 million barrels a day in July, but crude exports to India fell sharply, underlining a slow recovery under US sanctions.

Venezuela oil exports to the US hit 786,000 bpd in July 2026, but it's not the top supplier. Key facts on sanctions, Chevron, and what's next.

Venezuela oil exports to the US reached a seven-year high in July 2026, at about 786,000 barrels a day, second only to Canada.

Venezuela's oil output rose to about 1.12 million barrels a day in July, but crude exports to India fell sharply, underlining a slow recovery under US sanctions.