Venezuela's oil exports rose 14% to 1.23 million barrels per day in April 2026, the highest since late 2018.
Exports surged due to increased shipments to the United States, India and Europe, with 66 vessels leaving April versus 61 in March.
U.S. sanctions easing and a supply deal between President Donald Trump and President Delcy Rodriguez let PDVSA partners Vitol and Trafigura receive cargoes.
The rise follows inventory drawdowns and higher crude output after the January capture of President Nicolas Maduro.