US crude imports from Venezuela decreased for the third
consecutive week following the restart of a refinery on the coast of Carabobo
state. The US imported an average of 759,000 b/d of Venezuelan crude oil during
the week ended 29 May, down by about 12,000 b/d compared to a week prior and by
83,000 b/d compared to the week ended 8 May, according to preliminary weekly
data by the US Energy Information Administration (EIA). Much of the crude
import drop is because Venezuelan state-owned PdV began to restart its 146,000
b/d El Palito refinery 21 May. It was expected to be fully operational by the
end of May. More…
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