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According to reports, due to the pressure of the US oil blockade and sanctions, Venezuelan oil exports have dropped to almost zero, and its domestic oil storage facilities are close to saturation. PetroVenezuela has begun to cut crude oil production and initiated emergency measures to close some oil fields and well plants.

Zhitongcaijing·01/05/2026 03:33:01
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According to reports, due to the pressure of the US oil blockade and sanctions, Venezuelan oil exports have dropped to almost zero, and its domestic oil storage facilities are close to saturation. PetroVenezuela has begun to cut crude oil production and initiated emergency measures to close some oil fields and well plants.