- Venezuela's oil exports rose to about 1.25 million barrels per day in May — the third straight monthly increase as U.S. sanctions eased and foreign projects expanded.
- Top destinations were the U.S. (~558,000 bpd), India (~427,000 bpd) and Europe (~169,000 bpd); overall exports were 61% higher than a year ago.
- Chevron's shipments dipped while traders (Vitol, Trafigura) and buyers like India's Reliance stepped up purchases, signaling renewed global demand.
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