Venezuela’s crude exports down 27.2% y-o-y in Feb.
Venezuela’s crude oil seaborne exports dropped 27.2% year-over-year in February, as the country struggles to keep production levels from falling due to natural declines and underinvestment, Kallanish Energy learns. Data from UK’s oil analytics firm Vortexa show crude shipments from the OPEC member totaled 1.39 million barrels per day (MMBPD) last month, compared to 1.91 MMBPD in February 2017. … Read more