Print 
Venezuela has hit a 77-year low this week in regard to its oil export levels, according to a report by Reuters.
Pressured by proposed sanctions by the US and the Trump Administration, oil tankers that were poised to export oil from Venezuela this week did not follow through. Reuters cited vessel tracking data as the source of the information.
Venezuelan state-run company PDVSA exported a total of 17 cargoes (~379,000 BPD) in June. This is a decrease of 18% from May 2020 export levels.
This puts the nation, led by President Nicolas Maduro, under even more financial pressure.
More Oil / Gas Exports News
EIA Reports Crude Inventory Draw of 6.6 Million Barrels
EIA Crude Inventory - Week Ending February 5, 2021 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 6.6 million barrels from the…
Commodity Snapshot: Oil Continues Upward Climb as Brent Surpasses $60/Barrel
On Monday (2/8), oil prices hit their highest levels in several months, with Brent surpassing the $60/barrel mark, which it had neared on Friday (2/5). WTI rose 7%…
EIA Reports Crude Inventory Draw of 1.0 Million Barrels
EIA Crude Inventory - Week Ending January 22, 2021 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.0 million barrels from the…
EIA Reports Crude Inventory Draw of 9.9 Million Barrels
EIA Crude Inventory - Week Ending January 22, 2021 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 9.9 million barrels from the…
EIA Reports Crude Inventory Draw of 3.2 Million Barrels
EIA Crude Inventory - Week Ending January 8, 2021 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.2 million barrels from the…
South America News
Frontera Energy's Colombian Assets: A Contested Acquisition Emerges in Latin America's E&P Sector
Background Frontera Energy Corporation (TSX: FEC), a publicly listed Canadian holding company with upstream oil and gas operations in Colombia, has become the center of a contested acquisition…
Venezuela: Rebuild Potential vs. Stop/Start Reality — What It Means for International OFS
Venezuela: Rebuild Potential vs. Stop/Start Reality — What It Means for International OFS According to Reuters, Venezuela’s oil sector remains a high-potential but fragile opportunity: it holds massive…
Gran Tierra Energy To Step Down Activity in 2026
Gran Tierra Energy’s 2026 development plan reflects a step-down in spending and activity as the company transitions from fulfilling Ecuador exploration commitments in 2025 toward a free-cash-flow-focused program.…
Parex Advances Llanos Foothills Exploration Alliance with Ecopetrol
Parex and strategic partner Ecopetrol provided an update on their Llanos Foothills exploration program, noting that a full strategic alliance has effectively been achieved and that key Foothills…
Continental Resources to Acquire 90% Stake in Vaca Muerta Shale Concession
Continental Resources Inc. has agreed to acquire a 90% operating stake in the Los Toldos II Oeste block, a shale concession within Argentina’s Vaca Muerta formation, marking a…