Venezuela's crude oil exports to the United States fell in November to their lowest level since January 2003, when a strike knocked down the country's output, due to sanctions and a steep production decline, according to Reuters data.
State-run oil company PDVSA and its joint ventures sent 475,165 barrels per day to its customers in the United States last month, down 36 percent from a year earlier and 12 percent from October.
The South American country has lost 1 million bpd of production in the last four years and pumped less than 2 million bpd in October, according to official numbers reported to the Organization of the Petroleum Exporting Countries.
-Reuters, Houston
Latest News