Venezuela’s Oil Exports Plunge In October ...Middle East

OILPRICE - Economy
Venezuela’s Oil Exports Plunge In October
source : OILPRICE ( Middle East ) () 31
Venezuela’s crude and product exports slumped in October from September and from October last year due to lower oil production, Reuters reported on Wednesday, citing ship-tracking data and export figures of state oil firm PDVSA. Venezuela’s exports of crude oil and products averaged 533,968 barrels per day (bpd) last month, PDVSA and Refinitiv Eikon vessel-tracking data showed. The exports in October were 25% lower than in September and 23% lower than the volumes exported in October last year. Lower production was the main reason for…

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