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2019-07-03 11:15:00

VENEZUELA'S OIL EXPORTS UP

VENEZUELA'S OIL EXPORTS UP

REUTERS - Venezuela's oil exports recovered in June from a sharp drop the month before, helped by increased deliveries to China, which is now state-run oil firm PDVSA's primary destination for its crude, according to company records and Refinitiv Eikon data.

PDVSA and its joint ventures exported 1.1 million barrels per day (bpd) of crude and refined products last month, a 26% increase over May. Chinese buyers took 59% of the shipments, followed by India with 18% and Singapore with 10%, the documents showed.

June data show the OPEC member nation has…

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Tags: VENEZUELA, OIL, EXPORTS, PRODUCTION
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