Venezuela's May oil exports increased to 1.25 million barrels per day, marking three consecutive months of growth.

The shipping data released on Monday showed that Venezuela's May oil exports rose slightly to 1.25 million barrels per day, marking the third consecutive month of growth, mainly due to increased shipments to the United States, India, and Europe. With Washington easing sanctions and foreign companies expanding oil and gas projects in this oil-exporting OPEC member country, Venezuela, under the leadership of interim president Rodriguez supported by the United States, has seen a rebound in crude oil production and exports this year. The Oil Ministry predicts that by the end of the year, crude oil production will reach 1.37 million barrels per day, an increase of 22% from the end of 2025. This is a high not seen since the first US energy sanctions were imposed in 2019, allowing Venezuela to resume sales to countries that have been unable to export their oil for many years. According to data based on tanker movements and records from Venezuela's national oil company, the country's crude oil and refined oil exports in May increased by 0.7% compared to April and by 61% compared to the same period last year. In May, a total of 67 shipments were exported. The data shows that the United States remains the top destination for Venezuelan oil, importing around 558,000 barrels per day from Venezuela, followed by India at 427,000 barrels per day, and Europe at 169,000 barrels per day. The import volumes from these three regions in May were all higher than in April.