Venezuela’s oil exports fell sharply in April, dropping nearly 20% to around 700,000 barrels per day (bpd)-the lowest monthly figure recorded in the past nine months.
This sudden decline happened after the state-owned oil company PDVSA cancelled several cargoes assigned to US oil giant Chevron, forcing ships to turn back and leaving some loading ports inactive.
According to vessel tracking data from LSEG and internal documents, a total of 32 ships left...