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Finance & Markets

Venezuela’s Oil Exports Fall Even as U.S. Shipments Hit Seven-Year High

Venezuela exported 1.16 million barrels of crude oil daily last month, a slight decline from June’s 1.2 million barrels daily, on lower withdrawals from storage, Reuters has reported, noting that…

  • Venezuela's crude oil exports decreased in July to 1.16 million barrels daily.
  • U.S. imports of Venezuelan oil hit a seven-year high at 786,000 barrels daily.
  • Global oil exports declined due to reduced storage withdrawals.
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