Venezuela’s oil exports to the US are fading fast… Petroleum Economist

January 30, 2018 by Jim Colburn Leave a Comment

Here is Justin Jacobs at the Petroleum Economist:

”Venezuela’s crude exports to the US are having their worst month in 30 years as the country’s oil output continues to suffer under a spiraling economic and political crisis.

Shipments to the US averaged just 394,000 b/d in the first three weeks of January, the lowest monthly pace since 1988, lower even than the bottom of the crippling 2002-03 oil strikes, according to data from the Energy Information Administration.”

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