CommoditiesAugust 3 at 11:48 AM

Venezuela's oil exports fell slightly to 1.6mln bpd in July, according to shipping data; oil exports to US increased to some 786k bpd in July; oil exports to India fell 178k bpd in July; oil exports to Europe fell 82.2k bpd in July

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Venezuela's July oil exports slightly dipped to 1.6M bpd. Significant growth in U.S.-directed shipments reflects a strategic shift toward direct contracts with refiners, bypassing global intermediaries amid domestic infrastructure constraints.

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Venezuela's oil exports fell slightly to 1.6mln bpd in July, according to shipping data; oil exports to US increased to some 786k bpd in July; oil exports to India fell 178k bpd in July; oil exports to Europe fell 82.2k bpd in July

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