Venezuelan crude sales to U.S. fell in August on port interruptions
Venezuela’s crude sales to the United
States fell in August for the second month in a row as exports of two of the
South American country’s main grades dropped following port interruptions by a
tanker collision, according to Thomson Reuters Trade Flows data. Venezuela’s
state-run oil company Petróleos de Venezuela, S.A., known as PDVSA, and its
joint ventures last month exported an average of 468,300 barrels per day (bpd)
of crude in 30 cargoes to their customers in the United States, the data show.
The total was the third smallest monthly figure this year. PDVSA’s oil
shipments have been affected in recent weeks by export limitations at the
country’s main oil port, Jose, after a minor tanker collision forced the
state-run firm to halt operations at one of its three berths. More…
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