Venezuela oil exports to the us
According to the Department of Commerce, U.S. exports of Goods and Services to Venezuela supported an estimated 82 thousand jobs in 2015 (latest data available) (39 thousand supported by goods exports and 44 thousand supported by services exports). Exports. Venezuela was the United States' 39th largest goods export market in 2018. America's once-robust imports of crude oil from Venezuela have ground to a halt because of Trump administration sanctions and chaos gripping the OPEC nation. Venezuela is the world´s tenth biggest exporter and the thirteenth largest producer of oil. Shipments of oil account for 96 percent of total exports. Main export partners are: United States (40 percent of total exports), China (11 percent) and India (6 percent). Others include: Cuba, Colombia and Brazil. Now the new American sanctions could cut Venezuela’s oil exports by two-thirds, to just $14 billion this year, and lead to a 26 percent reduction in the economy’s size, according to Mr Venezuela’s Crude Oil: Exports was reported at 1,273.123 Barrel/Day th in Dec 2018. This records a decrease from the previous number of 1,596.360 Barrel/Day th for Dec 2017. Venezuela’s Crude Oil: Exports data is updated yearly, averaging 1,562.037 Barrel/Day th from Dec 1980 to 2018, with 39 observations. The data reached an all-time high of 2,243.900 Barrel/Day th in 1998 and a record Venezuela's state oil company PDVSA is contractually obligated to supply 1.495 million barrels per day to those customers in June, but only has 694,000 barrels per day available for export.
19 Feb 2020 VENEZUELA is poised to further obfuscate crude exports after new US blocking sanctions were imposed yesterday on the trading arm of Russian
4 Mar 2019 Without a way to collect payment, Venezuelan oil executives have started to self- embargo oil exports to the United States. “That is what the 11 Sep 2019 At the start of 2019 Venezuela's oil exports to the US amounted to about 500,000 b/d; within a few months, the figure had dropped to zero. 25 Feb 2019 Oil dominates Venezuela's economy, accounting for almost all of its export earnings. Its biggest customers have been the US, followed by India 25 Jan 2019 Venezuela, on average, exported about 500,000 barrels of crude a day to the United States in 2018, according to U.S. Energy Department data. 26 Jan 2019 Why Would the US Want Venezuela's Oil When It Already Buys 41% it already buys 41% of the Bolivarian Republic's total exports, meaning
The economy of Venezuela has an Economic Complexity Index (ECI) of -0.655 making it the 85th most complex country. Venezuela exports 37 products with revealed comparative advantage (meaning that its share of global exports is larger than what would be expected from the size of its export economy and from the size of a product’s global market).
20 Nov 2008 compared PDVSA's export numbers with import figures for the largest countries that import oil from Venezuela. The US Energy Information 23 Apr 2018 A foreign policy driven by oil exports has bound Venezuela to the Nevertheless , the U.S. remains Venezuela's biggest petroleum customer. Venezuela's oil exports fell in August to their lowest level in 2019, internal reports and Refinitiv Eikon data showed, hurt by a halt in purchases by the nation's second largest customer, China
10 Nov 2019 With oil accounting for well over 90 per cent of Venezuela's legal exports, the country's ability to sell it abroad is critical for Mr Maduro's survival
23 Apr 2018 A foreign policy driven by oil exports has bound Venezuela to the Nevertheless , the U.S. remains Venezuela's biggest petroleum customer. Venezuela's oil exports fell in August to their lowest level in 2019, internal reports and Refinitiv Eikon data showed, hurt by a halt in purchases by the nation's second largest customer, China Venezuela's oil exports sank 40 percent in the first full month after the beginning of U.S. sanctions designed to oust Socialist President Nicolas Maduro, according to data from state-run oil firm Venezuela's export collapse into the US has opened the door to other rival heavy oil suppliers, though surging US output means they're all competing for a slice of a smaller pie. Canada has taken up much of the slack, with its exports into the Gulf Coast surging in recent years. Venezuela’s oil production could be disrupted to a greater degree than most analysts first thought, as the US government seeks to essentially shut in the country’s oil sector. When the Trump administration first announced sanctions on Venezuela’s oil sector a little over a week ago, it sounded as if they would simply bar US companies from
10 Sep 2019 China increased imports last month, but shipments decreased as purchases have been recently halted due to tougher US sanctions. Venezuela's
U.S. Imports from Venezuela of Crude Oil and Petroleum Products (Thousand Barrels). Year, Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec Year-Month, Week 1, Week 2, Week 3, Week 4, Week 5. End Date, Value, End Date, Value, End Date, Value, End Date, Value, End Date, Value 21 Mar 2019 Just a year ago, Venezuela shipped more than half a million barrels of oil per day to US shores, making the Latin American country one of In 2017, Venezuela exported $27.8B and imported $9.1B, resulting in a positive trade balance of $18.7B. The top exports of Venezuela are Crude Petroleum 6 Feb 2020 So they pitched a way around them, with oil exploration and export deals conducted through joint ventures between Russian companies and 12 Sep 2019 Russian oil giant Rosneft blasted threats of US sanctions as "unfair was responsible for 40 percent of Venezuelan oil exports in July and over
Economically, Venezuela is highly dependent on its petroleum oil exports which reached almost 90% of the country’s total product shipments, bearing witness to Venezuela’s vulnerability to the global downswing in oil prices. Venezuela’s oil exports break down to 79.9% crude oil compared to 9.8% for refined petroleum oils. Venezuela Exports of Crude Oil and Petroleum Products by Destination According to the Department of Commerce, U.S. exports of Goods and Services to Venezuela supported an estimated 82 thousand jobs in 2015 (latest data available) (39 thousand supported by goods exports and 44 thousand supported by services exports). Exports. Venezuela was the United States' 39th largest goods export market in 2018.