Venezuela July Oil Exports Down 25%

Overview

Venezuela’s crude oil exports fell to 856,000 barrels per day in July, representing a five‑month low and a 25 % drop from June, according to shipping reports and Kpler Ltd data.

Export Decline Drivers

Shipments to India were reduced by roughly 50 % after a pause in the Iran war released Middle Eastern oil that had been trapped in the Persian Gulf, curbing Indian demand for Venezuelan crude. The United States and India continued as the two largest buyers in July, while China, which had been the top purchaser, bought no barrels after the removal of Nicolas Maduro from power earlier in the year.

Geopolitical Context

The Iran conflict entered its sixth month, with supply‑chain disruptions easing through alternative routes. Oil prices fell on the Monday following U.S. President Donald Trump’s decision to halt strikes on Iran to facilitate peace negotiations.

Additional Notes

The article was generated with AI assistance and subsequently reviewed by an editor.