Oil’s well: Venezuela’s crude exports hit highest since 2018 — India, US and other buyers line up

May 2, 2026 - 18:00
Oil’s well: Venezuela’s crude exports hit highest since 2018 — India, US and other buyers line up

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Venezuela's crude exports surged 14% to 1.23 million barrels per day in April, reaching their fastest pace in over seven years. This increase, driven by demand from the US, India, and Europe, follows a US agreement that softened sanctions, allowing major trading firms and partners to resume lifting Venezuelan crude.

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