The United States reported an uptick of crude imports from Venezuela for the first time in weeks, taking in an average of 49,000 barrels per day in the week ending on May 17, the US Energy Information Administration (EIA) said on Wednesday in its Weekly Petroleum Status Report
WASHINGTON (Pakistan Point News / Sputnik - 22nd May, 2019) The United States reported an uptick of crude imports from Venezuela for the first time in weeks, taking in an average of 49,000 barrels per day in the week ending on May 17, the US Energy Information Administration (EIA) said on Wednesday in its Weekly Petroleum Status Report.The EIA reported zero crude imports from Venezuela during the previous week ending on May 10, compared with 352,000 barrels per day (bpd) during the same period last year, and 585,000 bpd in 2017, the EIA data showed.
Venezuelan crude exports have plunged since Washington imposed sanctions on the country's state-run oil company PDVSA in January. The move came as part of a broader campaign by the US to topple Venezuela's elected president, Nicolas Maduro.
Venezuela has already lost some $30 billion in revenues over the past three months as a result of the sanctions and a US-led economic blockade, Ambassador Wilmer Omar Barrientos, Venezuela's envoy to Egypt, told Sputnik in an interview last week.
