Venezuela's Oil Exports Reportedly Dropped 75% Compared To Prior Months Since Maduro's Capture
Phillips 66Phillips 66(US:PSX) International Business Times·2026-01-19 13:31

Venezuela's oil exports have dropped 75% compared to the months prior to the capture of authoritarian President Nicolas Maduro by U.S. forces, according to a new report.The Wall Street Journal noted that all the oil that left the South American country over the next 10 days has gone to the United States or has been earmarked to be used in Venezuela's refineries for domestic use.The development is largely impacting China and Cuba. The former was buying about 440,000 barrels a day at heavily discounted prices ...