Venezuelan Oil Exports Soar With U.S. Oversight Following Capture Of Nicolas Maduro

Venezuelan Oil Exports Soar With U.S. Oversight Following Capture Of Nicolas Maduro

Venezuelan oil exports soared in January as the Trump administration begins to oversee the country's industry following the capture of authoritarian President Nicolas Maduro, according to a new report.

Venezuela’s oil exports soar following US intervention

Venezuela’s crude sales have surged since Washington ousted the country’s leader and eased restrictions on the nation’s oil industry.Shipping data showed January’s exports were more than 50% higher than those of the previous month, though total output remains far below its peak of almost 3.5 million barrels a day in 2001. The increase, however, has had significant impacts downstream: As part of a trade deal with the US, Washington said India had…