Venezuela increases oil exports against all odds – OilPrice.com
Despite the tightening of U.S. sanctions, Venezuela’s PDVSA managed to boost its oil exports this month, with the daily average reaching 325,000 barrels, which was the highest in four months, Bloomberg reports.
The increase comes thanks to diesel-to-crude swaps, Bloomberg notes, which are not covered by US sanctions, at least for now.
Meanwhile, production continued to decline, to just over…
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