Venezuela loaded 1.114 mln b/d of crude in August, up 28% month-on-month, according to shipping reports, Kpler Ltd and vessel-tracking data. Exports reversed a five-month low in July as shipments to India more than doubled. Indian refiners reduced pu

2026-09-01

Venezuela loaded 1.114 mln b/d of crude in August, up 28% month-on-month, according to shipping reports, Kpler Ltd and vessel-tracking data. Exports reversed a five-month low in July as shipments to India more than doubled. Indian refiners reduced purchases from Russia after Ukraine-related supply disruptions, raising demand for Venezuelan crude, while the Trump administration is seeking tighter control over Venezuela's oil sector, posing regulatory risk to flows.