Venezuela Sends Half of Oil Production to US Refineries

Venezuela's oil production has been increasing in recent months, with U.S. Energy Under Secretary Kyle Haustveit stating that the country is currently exporting around half of its daily output to the United States.

According to Haustveit, Venezuela's daily oil output stands at approximately 1.25 million barrels, with more than 500,000 barrels per day being sent to U.S. refineries in recent months.

This means that over half of Venezuela's oil production is now being processed in the United States, a significant development for the country's energy sector.