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Chevron to boost exports of Venezuelan oil to US to 300,000 bpd in March, sources say

ReutersJan 28, 2026 3:10 PM

- Oil producer Chevron CVX.N is set to boost exports of Venezuelan crude to the U.S. to some 300,000 barrels per day (bpd) in March, from 100,000 bpd in December and some 230,000 bpd so far this month, sources with knowledge of the plans said.

The U.S. company, which is the main partner of Venezuela's state-run energy firm PDVSA, has chartered about a dozen tankers to increase shipments and drain inventories accumulated at its projects since December, when a U.S. blockade hit the OPEC country's exports, leaving millions of barrels stored in onshore tanks and vessels.

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