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2 clusters · 12 sources · 6 days · First seen · Last updated
Venezuela oil export and import trends
Overview
In September, Venezuela’s oil exports declined by nearly 9%, averaging 1.08 million barrels per day (bpd). This drop was attributed to rising maritime freight costs, which prompted international trading houses to seek higher discounts on Venezuelan crude. During this period, shipments to the United States and Caribbean storage terminals increased, while exports to India and Europe saw decreases.
However, projections for October indicate a significant shift for the Indian market. Driven by discounts on Venezuelan crude and increasing costs for Russian oil, India is expected to reach its highest level of Venezuelan oil imports in nearly seven years. Shipments to India could exceed 465,000 bpd, which would represent more than double the volume recorded in September.
Entities
Timeline
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[BUSINESS] 4 sourcesIndia increases Venezuelan oil imports to seven-year high
India's Venezuelan oil imports are expected to hit a seven-year high in October, potentially exceeding 465,000 barrels per day as the country seeks cheaper alternatives to Russian crude.
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[BUSINESS] 8 sourcesVenezuela oil exports decline in September due to rising freight costs
Venezuela's oil exports dropped nearly 9% to 1.08 million bpd in September as high freight costs drove traders to demand steeper discounts, despite increased shipments to the United States.
Sources
2001online.com · devdiscourse.com · eldiario.com · entornointeligente.com · expreso.ec · informe21.com · laregiontam.com.mx · laverdaddevargas.com · notiespartano.com · nuevodia.com.ve · oilprice.com · villagevoicenews.com