Author: WeWorldMedia-admin

U.S. crude oil imports from Venezuela in July were highest since 2017

Published: 6 November 2026
Categories: US Energy Information Administration

RSS feed source: USGS Earthquake Hazards Program

In-brief analysis

November 6, 2026

Data source: U.S. Energy Information Administration, Petroleum Supply Monthly

In July 2026, U.S. imports of crude oil from Venezuela averaged 701,000 barrels per day (b/d), the most since May 2017, before decreasing to 655,000 b/d in August, according to data published in our Petroleum Supply Monthly.

Crude oil imports from Venezuela started the year at 200,000 b/d and have steadily increased most months this year. Increased imports from Venezuela are supported by high crude oil demand from U.S. refineries because of high global refinery margins and the easing of U.S. government restrictions on purchases from the country. Many refineries on the U.S. Gulf Coast (PADD 3) are configured to process heavy sour crude oil grades, such as those from Venezuela.

According to data from Vortexa, the majority of

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