Houston reported on August 26, according to Thomson Reuters statistics, Venezuela’s daily exports of crude oil to the United States in July fell to 494,400 barrels in the first three months, indicating the Venezuelan National Oil Company (CIS/PDVSA) Crude oil production is affected by the seizure of its assets.
Statistics show that July is the first month that Venezuela’s daily export volume of crude oil has fallen below 500,000 barrels since January to March this year.
US oil producer ConocoPhillips began to detain Citi’s overseas assets in May this year, trying to profit from a $2 billion arbitral award. ConocoPhillips’ legal action prevented CFO from entering most of its terminals in the Caribbean, thereby limiting the continued reduction of Citizen’s oil exports.
Most of Venezuela’s customers in the United States now receive less and less Venezuela. According to statistics, Venezuela had 30 ships of crude oil delivered to US ports in July, a decrease of 3 ships from June. The data shows that the volume of transactions in July was 12% lower than that in June and 22.5% from the same period last year.
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