Shipments of Venezuelan diluted crude oil
(DCO) to the United States more than doubled in October to 5.82 million
barrels, or some 187,750 barrels per day, according to Reuters trade flows
data. PDVSA reduced DCO sales from August to September in the middle of falling
crude sale prices and costly imports of the naphtha it has been using as a
diluent to formulate and mix with its increasing extra heavy crude output. The
oil sold in October had been in storage. A total of 11 cargoes of DCO were
received by the United States last month, mostly shipped from PDVSA's storage
facilities in the Caribbean, versus four in September that accounted for 71,000
bpd. In August, the company exported 10 cargoes or 166,000 bpd. More… 
Wednesday, November 5, 2014
Sales of Venezuelan diluted crude to the U.S. jumped in October
Shipments of Venezuelan diluted crude oil
(DCO) to the United States more than doubled in October to 5.82 million
barrels, or some 187,750 barrels per day, according to Reuters trade flows
data. PDVSA reduced DCO sales from August to September in the middle of falling
crude sale prices and costly imports of the naphtha it has been using as a
diluent to formulate and mix with its increasing extra heavy crude output. The
oil sold in October had been in storage. A total of 11 cargoes of DCO were
received by the United States last month, mostly shipped from PDVSA's storage
facilities in the Caribbean, versus four in September that accounted for 71,000
bpd. In August, the company exported 10 cargoes or 166,000 bpd. More… 
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