Venezuela's oil exports fell slightly in July, cargoes to US rose
CVX•Shipments to India and Europe declined
Venezuela's oil exports to India fell to some 178,000 bpd from 277,000 bpd, while cargoes to Europe declined to some 82,200 bpd from 99,000 bpd the previous month.
Exports by state-run PDVSA's main joint venture partner, U.S. Chevron CVX.N, remained almost unchanged at some 293,000 bpd, while trading firms including Vitol, Trafigura and Novum Energy shipped some 604,000 bpd in July, below the 775,000 bpd of June.
PDVSA last month resumed direct crude deliveries to partner Repsol REP.MC to compensate pending debt, and plans to deliver a similar cargo to Maurel & Prom MAUP.PA this month, the data and documents showed.
Venezuela also exported 324,000 metric tons of oil byproducts and petrochemicals in July, compared with 224,000 tons in June; and it imported some 81,000 bpd of heavy naphtha to dilute its heavy crude grades, according to the data.
July exports edged lower as U.S. shipments climbed
CARACAS, Aug. 3 (Reuters) - Venezuela's oil exports fell slightly to 1.16 million barrels per day in July from 1.2 million bpd the previous month as the country drained fewer inventories, but exports to the U.S. jumped to some , the highest since early 2019, shipping data showed on Monday.
