U.S. crude oil imports from Venezuela in July were highest since 2017
What happened
U.S. crude oil imports from Venezuela in July were highest since 2017
In July 2026, U.S. imports of crude oil from Venezuela averaged 701,000 barrels per day (b/d), the most since May 2017, before decreasing to 655,000 b/d in August, according to data published in our Petroleum Supply Monthly
Context
Trade and industrial developments can affect market access, production and input costs. Their direction and scale for India depend on the actual terms and exposure of the businesses involved.
Areas affected: Trade, Industry, Currencies.
What to watch next
Watch for the official implementation terms and subsequent trade or production data.
Source: U.S. Energy Information Administration ↗
Published: 6 Nov 2026, 19:30 IST.
Source details
Context published: 6 Nov 2026, 19:50 IST. Collected: 6 Nov 2026, 19:49 IST.
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