Venezuelan crude sales to U.S. fall for second month in a row -data [Reuters]
Valero Energy Corporation (VLO)
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Source: Reuters
Venezuelan crude sales to U.S. fall for second month in a row -data | Reuters 3 Min Read Dec 3 (Reuters) - Venezuelan crude sales to the United States declined in November for the second consecutive month to 482,517 barrels per day (bpd) as exports of upgraded grades from the nation’s largest oil region slipped, according to Refinitiv Eikon data. Venezuela’s state-run Petróleos de Venezuela SA, known as PDVSA, its joint ventures and partners sent 30 crude cargoes to the United States last month, according to the data seen by Reuters on Monday. The volume of crude exported was 1.4 percent lower than in October, but 1.5 percent more than 12 months earlier. The South American country’s overall crude exports have declined 21 percent this year with falling production, infrastructure mishaps, asset seizure attempts by creditors in the Caribbean and payment problems linked to sanctions on the country and PDVSA. Valero Energy Corp was the largest U.S. recipient of Venezuelan crude in November
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