Venezuelan PDVSA's oil exports took another hit in May, following a deadlin...
- Venezuelan PDVSA’s oil exports took another hit in May, following a deadline for customers to wind-down purchases in order to comply with U.S. sanctions, according to documents from the state-run company and Refinitiv Eikon data.
Venezuela has drained oil inventories since late January, when Washington imposed sanctions on PDVSA, to offset declining crude output, according to analysts. That allowed the firm to maintain exports around 1 million bpd for the following three months despite the measures. Venezuela oil exports to Cuba grew in May to 91,000 bpd from 49,000 bpd the previous month, even though the government of U.S. President Donald Trump has hardened sanctions to PDVSA’s flow to the island at request of the congress head, Juan Guaido.
Venezuela’s dwindling oil exports are the main reason why U.S. refiners have recently struggled to find heavy crude, inflating prices of grades such as Mexico’s Maya even above the U.S. crude futures benchmark.Venezuela’s imports of fuel and diluents fell to 137,500 bpd in May, well below the more-than 200,000 bpd received in March and April, which brought lines of drivers to filling stations across the country waiting to refuel their vehicles.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
U.S. may suspend training of Turkish pilots for F-35 jets over Russia missile dealThe United States is seriously considering suspending training for Turkish pilot...
Baca lebih lajut »
U.S. auto sales seen slipping 2.1% in May: J.D. Power, LMC AutomotiveU.S. auto sales are expected to drop 2.1% in May from the year-ago period, as hi...
Baca lebih lajut »
Planned Parenthood: Missouri's last abortion clinic may shutST. LOUIS (AP) — Missouri's only abortion clinic could be closed by the end of the week because the state is threatening to not renew its license, Planned Parenthood officials said Tuesday.
Baca lebih lajut »
Toyota may invest about $550 million in China ride-hailing firm Didi: NikkeiToyota Motor Corp is considering investing about 60 billion yen ($550 million) i...
Baca lebih lajut »
Theresa May Resigns As U.K. Prime MinisterAfter a tenure marked by frustration and a repeated failure to exit the European Union, Theresa May—the country’s second female prime minister—will resign from her post on June 7. What do you think?
Baca lebih lajut »
E-cigarette flavors may increase your risk of cardiovascular disease, study findsE-cigarette flavors can damage the cells that line the interior of blood vessels and may increase the risk of cardiovascular disease, a new study says.
Baca lebih lajut »
Boeing 737 MAX may not return to service until August: IATA headThe International Air Transport Association (IATA) expects it could take until A...
Baca lebih lajut »
Corn futures surge, bringing May gain to 20% as soft commotities rally on Midwest floodingCorn futures are surging, climbing to a near 3-year high, as heavy rain forecasts across major farming areas threaten to delay planting even further.
Baca lebih lajut »
Why the worst may be yet to come for stocks as trade war tensions persistBNY Mellon's Alicia Levine believes Wall Street is making a big mistake when it comes to the trade war.
Baca lebih lajut »
Exploding stars may have motivated human ancestors to walkWhen stars exploded within range of Earth 2.6 million years ago, it may have set certain things in motion that would cause human ancestors to go from swinging through the trees to walking upright, according to a new study
Baca lebih lajut »