Venezuela tops global growth in US oil exports in 2026

Venezuelan oil exports to the US surged to 127.54 million barrels in the first eight months of 2026, up 89.58 million barrels year-on-year, making it the fastest-growing source of US crude imports. This marks a significant reversal from previous sanctions-driven declines, likely reflecting eased US sanctions and increased production. The shift could alter US supply dynamics and OPEC+ market share calculations.

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