US boosts Venezuelan oil imports to 782,000 barrels daily, highest since 2017

1 min

US crude oil imports from Venezuela increased by 183,000 barrels per day last week to 782,000 barrels per day, the highest weekly level since August 2017. Over six months, imports rose by 550,000 barrels per day, or 237%. The three-month average reached 626,000 barrels per day, the highest in nine years. Historically, imports reached 1.5 million barrels per day in 1997 and averaged above 1 million barrels per day from 1995 to 2007. The US is rapidly increasing intake of Venezuelan crude.

Current levels

- Weekly imports: 782,000 barrels per day, up 183,000 barrels per day week over week
- Three-month average: 626,000 barrels per day, highest in nine years
- Six-month change: +550,000 barrels per day, +237%