Reuters
03 Aug 2026, 20:43 UTC · 2h ago
Venezuela's oil exports fell slightly in July, cargoes to US rose
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Reuters
03 Aug 2026, 20:43 UTC · 2h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
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Venezuela's oil exports to the U.S. surged to approximately 786,000 bpd in July, the highest level since early 2019. — Increased supply of Venezuelan crude into the U.S. market puts downward pressure on oil prices and signals a shift in trade dynamics.
+0.60Total Venezuelan oil exports decreased slightly to 1.16 million bpd in July from 1.2 million bpd in the previous month. — A marginal decrease in global supply is generally insignificant for overall price movement.
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