Resumption of deliveries to Europe boosts Venezuela oil exports -data | Brave Business
Resumption of deliveries to Europe boosts Venezuela oil exports -data Reuters, July 5 - Following a string of setbacks earlier in the year, the state-run PDVSA's ship monitoring data and paperwork showed that the first Venezuelan crude cargoes sent to Europe in two years helped raise the OPEC nation's oil exports by 61 percent last month. Following approval from the U.S. State Department, Spain's Repsol (REP.MC) and Italy's Eni (ENI.MI) began importing Venezuelan oil. In addition to helping Europe make up for the loss of Russian oil as a result of its invasion of Ukraine, the U.S. decision also signals an improvement in ties between Caracas and Washington. As U.S. officials visited Caracas to discuss the release of imprisoned Americans, analysts saw the oil-for-debt trades as a hint that Washington's sanctions against the South American nation were loosening. The visit didn't succeed in getting them released. Source SPONSORED LINK wonder leaf CBD oil for penile ...