Venezuela crude exports to US rise 9% in early November, up 905% YoY

Venezuelan oil exports to the US increased 9% in the first week of November, marking a 905% year-over-year surge and keeping Venezuela as the second-largest crude supplier to the US for 29 consecutive weeks. The data, from the EIA, indicates sustained bilateral energy flows despite sanctions, likely reflecting ongoing license waivers. This consolidates Venezuela's role in US supply, with implications for regional energy dynamics and potential policy scrutiny.

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