HomeOil and GasVenezuela Oil Exports Drop 20% as Chevron Cargoes Canceled Over Sanctions Dispute

Venezuela Oil Exports Drop 20% as Chevron Cargoes Canceled Over Sanctions Dispute

May 2, 2025

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Venezuela’s oil exports dropped 20% in April after state-run PDVSA canceled Chevron cargoes over sanctions-related payment issues, leaving ports idle and shipments returning.

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Venezuela Oil Exports Drop 20% as Chevron Cargoes Canceled Over Sanctions Dispute

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