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Venezuela's crude oil exports fell 25% in July to 856,000 barrels per day, the lowest level in five months. The decline in exports is mainly due to shrinking demand in India. India's crude oil imports from Venezuela have been cut in half as the conflict with Iran comes to an end and crude oil supply resumes in the Middle East. The US and India are still Venezuela's biggest buyers.

Zhitongcaijing·08/03/2026 17:17:05
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Venezuela's crude oil exports fell 25% in July to 856,000 barrels per day, the lowest level in five months. The decline in exports is mainly due to shrinking demand in India. India's crude oil imports from Venezuela have been cut in half as the conflict with Iran comes to an end and crude oil supply resumes in the Middle East. The US and India are still Venezuela's biggest buyers.