RIO DE JANEIRO, BRAZIL - According to Reuters, Venezuelan oil exports fell by 28 percent in the first half of June, its lowest level in 70 years. The embargo imposed by the USA and the pressure exerted on companies and states that buy and process Venezuelan oil are thus becoming increasingly effective.
Exports are said to have averaged only 325,000 barrels per day (bpd) in June to date and were therefore below the 17-year minimum of 452,000 bpd recorded in May. If this average is sustained over the next two weeks, the June export volume could become the . . .
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