US crude imports from Venezuela just jumped 183k barrels/day in one week — hitting 782k b/d, the highest weekly total since August 2017.
Over the past 6 months, imports are up 550k b/d (+237%). The 3-month average now sits at 626k b/d, the strongest run in 9 years.
For context: back in 1997, the US was importing 1.5 million b/d from Venezuela. Between 1995 and 2007, it consistently ran above 1 million b/d.
We're clearly ramping up Venezuelan crude again — a notable shift in supply sourcing worth watching as energy markets adjust.
Over the past 6 months, imports are up 550k b/d (+237%). The 3-month average now sits at 626k b/d, the strongest run in 9 years.
For context: back in 1997, the US was importing 1.5 million b/d from Venezuela. Between 1995 and 2007, it consistently ran above 1 million b/d.
We're clearly ramping up Venezuelan crude again — a notable shift in supply sourcing worth watching as energy markets adjust.
