Crude shipments from oil-rich Venezuela have hit new lows, tumbling in June to levels unseen since 1943. Caracas is struggling to reach buyers for its crude due to increasing US sanctions.
Venezuelan state-owned oil company PDVSA carried around 379,000 barrels per day (bpd) of crude and refined products, according to Refinitiv Eikon data and shipping documents seen by Reuters. According to this data, June’s exports are around 18 percent lower than they were a month earlier.
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