Venezuela oil exports surge 14 percent to seven year high after US deal and sanctions easing

Published on 1 May 2026

More crude is heading to the US and India than before

Venezuela’s oil exports jumped 14% in April to 1.23 million barrels per day, the highest level in more than seven years. The rise was driven by stronger sales to the US, India, and Europe after a US–Venezuela supply arrangement and eased sanctions. Output improved and inventories were cleared, lifting shipments across multiple markets.

April exports climbed 14% to 1.23 million bpd
Highest since 2018, surpassing seven-year levels
Sales increased to the US, India, and Europe
A US supply deal and eased sanctions boosted output and cleared stock

#venezuela #energy markets #oil exports #us sanctions #opec

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Venezuela oil exports surge 14 percent to seven year high after US deal and sanctions easing

The full experience is on mobile.