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Venezuela resumes exports of diluted crude oil after 15-month pause -document

ReutersMar 6, 2026 7:26 PM

- Venezuela this month resumed exports of a key crude grade, diluted crude oil (DCO), which had not been shipped since late 2024, a document from state energy company PDVSA seen on Friday showed.

The grade, produced from a blend of extra heavy crude from the Orinoco Belt and imported heavy naphtha, is popular among refiners in countries including the United States and India. Exports could help drain millions of barrels of accumulated inventories, according to the document.

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