Venezuela: Six Straight Months of Rising Crude Liftings

AI Summary

Venezuela has experienced six consecutive months of increasing crude oil liftings in 2026, with volumes surging by approximately 144%. This sustained growth signals a robust recovery in Venezuelan crude exports affecting global energy shipping flows.

Signal Ocean voyage data confirms a sustained ramp in seaborne crude liftings from Venezuela through 2026. On a 7-day moving-average basis, monthly volumes have risen in unbroken succession from approximately 0.62m bbl in January to roughly 1.5m bbl by mid-June, six consecutive month-on-month gains and an increase of about 144% over the period. The series ...