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Venezuela's monthly crude oil exports have once again surpassed one million barrels per day.
Chevron is now importing 250,000 barrels of Venezuelan crude oil per day into the U.S.
KEY POINTS
- Venezuela's monthly crude oil exports have surpassed one million barrels per day after Maduro's arrest.
- Chevron plans to increase Venezuelan imports to 350,000–400,000 barrels per day in the near future.
- Recent U.S. general licenses allow select companies to buy Venezuelan oil under strict Treasury oversight.
- India’s Reliance Industries has begun loading 2 million barrels of Venezuelan crude under a new U.S. license.
COMPANIES
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