There are figures that slip past in the day-to-day conversation of Venezuelans, but that end up moving everyone’s pocket. One of them has just been reached: in the week ending October 2, Venezuela shipped around 624,000 barrels per day of crude to the United States and notched 24 consecutive weeks as the second-largest oil supplier to that country, only behind Canada. The figure comes from preliminary reports by the U.S. Energy Information Administration (EIA).
For a country that has spent years under sanctions, with broken numbers and a struggling oil industry, this streak isn’t a minor detail. And at PitbullChain we’re interested in looking at it from another angle: what does that flow of barrels mean for the dollar, for the BCV, for the P2P market, and for those who every day exchange USDT for bolívar.
📊 The numbers behind the streak
The weekly report showed a 13% rebound from the previous week, ending two consecutive declines. But the most striking figure is the year-to-date total: the daily average so far this year is around 458,000 barrels, up 227% compared with the same period in 2025. In total volume, estimates based on preliminary EIA data point to about 123.9 million barrels shipped in the first nine months, 142% more than the entire amount exported last year.
The four-week moving average, which helps track the short-term trend without being misled by a single data point, stands at around 636,000 barrels per day, just 1% above the previous reading. In other words, the curve has stabilized at a level considerably higher than in 2025.
📈 Why did Venezuela take Saudi Arabia's spot?
The Saudis' displacement from the U.S. podium was neither a coincidence nor a miracle. Two factors converged: on the one hand, the gradual easing of restrictions on Caracas that began in January; on the other, the war in the Middle East, which began in February and complicated the passage of Saudi ships to North American ports. When geopolitical risk makes a route more expensive, Gulf Coast refineries look for nearby alternatives—and Venezuela is days away by sea, not weeks.
🔎 Oil is paid for in dollars, and those dollars reach the market
Here's what really matters to crypto users in Venezuela. More barrels exported means more foreign currency flowing into the system. And while not all that money reaches people directly, historically, higher oil revenue translates into more dollars available through banks, the official market, and, above all, the informal exchange market.
When the supply of foreign currency increases, pressure on the exchange rate eases. That doesn't mean the parallel rate will plummet, because in Venezuela the gap is shaped by many other factors: public spending, bolívar liquidity, expectations, and how quickly the BCV injects or withdraws funds. But it can mean a more stable benchmark and fewer sharp swings in the exchange rate we all check every day.
💰 The BCV, the exchange-rate gap, and the effect on prices
If the flow of foreign currency continues, the Central Bank has more room to intervene less aggressively and defend its own benchmark. For merchants who set prices in dollars, that could mean having to recalculate them less often. For wage earners, it means their purchasing power won't erode as quickly from one payday to the next.
🛡️ USDT: the real barometer of the Venezuelan market
In practice, the best indicator of how any economic news plays out in Venezuela is the USDT exchange rate on P2P platforms. The stablecoin has become the everyday dollar: people use it to receive payments from abroad, save, pay for services, and even as a portable bank account for those who don't trust the traditional system.
When more dollars circulate through oil exports, there is usually more USDT and other foreign currency available on the platforms, pushing the P2P rate down or at least keeping it flat. When liquidity tightens, the opposite happens: the price of USDT in bolívars surges and the gap with the official rate widens. That's why every weekly export report is, perhaps surprisingly, something many traders keep an eye on.
⚠️ Digital banking: the quiet channel
📖 Read the full article: https://pitbullchain.com/noticias/24-semanas-de-crudo-a-eeuu-la-brisa-que-llega-al-dolar-y-al-p2p-824860
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📊 Live rates and analysis at https://pitbullchain.com
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