Single-source·Aug 19, 2026·1 sources analyzed
US refineries receiving significant portion of Venezuela's oil output
A US official reports that Venezuelan oil exports are reaching Gulf Coast refineries. This marks a notable development in the oil trade between the two nations. (sources: aljazeera)
Image: aljazeera
Modern Action Briefing
Venezuela is exporting 500,000 barrels of oil per day to US refineries, which is half of its total daily output of 1.25 million barrels.
- Venezuela is producing 1.25 million barrels of oil per day.
- Half of this output, or 500,000 barrels, is being sent to Gulf Coast refineries in the US.
- This trade relationship reflects ongoing changes in oil supply dynamics.
Why it matters
This development may influence energy markets and geopolitical relations between the US and Venezuela.
Sources used · 1 source