Story perspectives

Venezuela Oil Exports Jump 14% After Sanctions Easing

5/6/2026

Summary

Story summary

Venezuela exported 1.23 million barrels per day in April 2026, a 14 % rise from March, 66 vessels departing versus 61.
U.S. imports reached about 445,000 bpd, India about 374,000 bpd, and Europe about 165,000 bpd in April.
Trading firms handled about 56 % of exports (691,000 bpd) and Chevron about 25 % (308,000 bpd).
The surge followed easing U.S. sanctions, licenses for Vitol and Trafigura, and derivative exports of 360,000 metric tons, while naphtha imports fell to about 141,000 bpd.

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Story summary

Venezuela exported 1.23 million barrels per day in April 2026, a 14 % rise from March, 66 vessels departing versus 61.
U.S. imports reached about 445,000 bpd, India about 374,000 bpd, and Europe about 165,000 bpd in April.
Trading firms handled about 56 % of exports (691,000 bpd) and Chevron about 25 % (308,000 bpd).
The surge followed easing U.S. sanctions, licenses for Vitol and Trafigura, and derivative exports of 360,000 metric tons, while naphtha imports fell to about 141,000 bpd.