Venezuela Oil Exports Fell to 1.08 Million Bpd in September
Venezuela's oil exports decreased to 1.08 million barrels per day (bpd) in September from 1.19 million bpd in August. This decline was attributed to pressure from traders seeking price discounts to offset higher freight rates.
19 million bpd the previous month, shipping data showed on Thursday. The drop came as traders pressed state-run PDVSA to offer price discounts to offset higher freight rates.