Venezuela’s Oil Exports Jump To Over 700,000 Bpd ...Middle East

Venezuela exported more than 715,000 barrels per day (bpd) of crude and refined petroleum products in June, up by 8% from May, as state oil firm PDVSA renewed contracts and signed new deals and an extra heavy crude processing unit restarted operations after six months. Venezuela’s oil exports have been rising over the past three months after a government audit of oil contracts over unpaid oil purchase bills halted many cargoes early this year. The audits took place after Nicolas Maduro ordered them at the end of last year in a probe into…

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