PDVSA oil revenue rose 89% in seven months to US$15.9 billion, with the US holding more than half. India emerges as a key buyer.

PDVSA oil revenue rose 89% in seven months to US$15.9 billion, with the US holding more than half. India emerges as a key buyer.

US-bound Venezuelan crude hit 786,000 b/d in July, a seven-year high. Output is back at 1.12 million b/d — but export revenue sits in a US Treasury