HomeEconomyOilVenezuelan crude oil exports grow

Venezuelan crude oil exports grow

According to data from the Energy Information Administration, Venezuela climbed to sixth place in the ranking of countries that export oil to the United States.

Venezuela climbed to sixth place in the ranking of countries that export oil to the United States, according to the most recent data from the Energy Information Administration (ELA).

According to the statistics and analysis agency in the US Department of Energy, exports of Venezuelan crude oil to the United States stood at 177.000 barrels per day (bpd) for the month of March 2024, which represents a year-on-year increase of 62%.

This is a significant advance, since in February Venezuela had fallen to tenth place by exporting 142.000 bpd and was overtaken by its neighbor Guyana (227.000).

In quarterly terms, Venezuela's crude oil exports grew 56% compared to the
average achieved in the first quarter of 2023.

From January to March 2024, the country averaged 157.000 bpd, while last year on the same dates it was 69.600 bpd.

Canada has the first position with 3.852.000 bpd; Mexico remains in second place, although its exports have fallen 43% year-on-year, with about 409.000 bpd; Saudi Arabia retains third place, although with a drop of 22% compared to March 2023 by exporting 351.000 bpd.

The rest of the classification is made up of Brazil (209.000), Colombia (200.000), Venezuela (177.000), Iraq (164.000), Nigeria (138.000) and Guyana (129.000).

Another data reflected by the organization has to do with the US import quota from OPEC and non-OPEC countries for March: 1.029.000 and 5.167.000, respectively.

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