Home » today » Business » Venezuela elevated oil exports to India and the EU amid falling US provides – 2024-06-14 21:05:22

Venezuela elevated oil exports to India and the EU amid falling US provides – 2024-06-14 21:05:22

/ world as we speak information/ In accordance with the London-based firm “Kepler”, which screens maritime transport, in February among the crude oil that was not delivered from Venezuela to america as a consequence of American sanctions was despatched to India and Europe, the Wall Road Journal experiences.

The publication attracts consideration to the assertion of the Minister of the Oil Trade of Venezuela and the pinnacle of the state firm PDVSA Manuel Quevedo at a specialised discussion board in Saudi Arabia, based on which in February the export of crude oil from the Bolivarian Republic averaged 1.2 million barrels per day.

In the identical month, provides of Venezuelan oil to america decreased from 484,000 to 149,000 barrels per day, the publication famous, citing knowledge from the London-based Kepler firm.

The London firm’s knowledge additionally corroborates Quevedo’s declare that among the uncooked supplies not delivered by Venezuela to the US have been despatched to India. Thus, the export of oil from the Bolivarian Republic to this nation in February rose by 40 thousand barrels per day.

Exports of black gold to China this month, quite the opposite, have halved, whereas the quantity of provides of Venezuelan oil to Britain has elevated by 11 thousand barrels per day. Deliveries in Spain and Sweden stay unchanged.

In whole, based on “Kepler”, in February, the export of crude oil from the Bolivarian Republic decreased by 247 thousand barrels – to 1.1 million barrels per day.

The US Division of Vitality’s Vitality Data Administration lately reported that Venezuelan oil exports to the US fell thrice throughout the week.

Earlier, Venezuela’s oil minister, Manuel Quevedo, talked about how Venezuela would compensate for losses from US sanctions.

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Translation: V.Sergeev

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