Venezuela boosted its crude oil exports nearly threefold in November to more than 500,000 barrels per day (bpd), including by hiding the true identity of tankers to avoid detection, Bloomberg reported on Tuesday, citing sources familiar with the matter and shipping and tanker-tracking data. Almost the entire volume of oil exports from Venezuela was headed to China last month, while Venezuelan crude stockpiles fell substantially, according to the data reviewed by Bloomberg.
Data from internal documents of Venezuela’s state oil firm…Venezuela Triples Oil Exports Using Ghost Tankers
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