{"id":624640,"date":"2026-05-05T10:23:26","date_gmt":"2026-05-05T10:23:26","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/624640\/"},"modified":"2026-05-05T10:23:26","modified_gmt":"2026-05-05T10:23:26","slug":"venezuela-oil-exports-hit-highest-level-since-2018","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/624640\/","title":{"rendered":"Venezuela oil exports hit highest level since 2018"},"content":{"rendered":"<p>Venezuela\u2019s oil exports reached their highest level since 2018, a surge that could have major downstream geopolitical consequences. <\/p>\n<p>Crude production in Venezuela \u2014 which holds the world\u2019s largest oil reserves \u2014 <a href=\"https:\/\/oilprice.com\/Latest-Energy-News\/World-News\/Venezuela-Oil-Exports-Hit-Seven-Year-High.html\" class=\"_linkEmbed_10lxo_29\" rel=\"noopener nofollow\" target=\"_blank\">has surged<\/a> since the US captured former President Nicol\u00e1s Maduro and replaced him with a leader who agreed to Washington\u2019s demands to open the oil industry to private investment. <\/p>\n<p>The easing of restrictions has swayed some of the world\u2019s biggest firms, including Exxon, whose CEO had previously said Venezuela was \u201c<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-05-01\/exxon-ceo-feels-positive-on-venezuela-after-earlier-criticism?taid=69f4e3bb51e09a00017ca818&amp;utm_campaign=trueanthem&amp;utm_content=business&amp;utm_medium=social&amp;utm_source=twitter\" class=\"_linkEmbed_10lxo_29\" rel=\"noopener nofollow\" target=\"_blank\">uninvestable.<\/a>\u201d Venezuelan oil exports to India, one of the biggest buyers of Russian oil, <a href=\"https:\/\/www.reuters.com\/business\/energy\/venezuelas-oil-exports-jump-highest-since-2018-with-more-sales-us-india-2026-05-01\/\" class=\"_linkEmbed_10lxo_29\" rel=\"noopener nofollow\" target=\"_blank\">have already risen considerably<\/a>, weakening the Kremlin\u2019s hand just as Ukraine seeks to reduce its export capacity via attacks on infrastructure.<\/p>\n<p><img src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/05\/eb5b368de42c9806d0678a582d82b7f2158f515f-1066x1030.jpg\"  alt=\"A chart showing the number of barrels of oil exported from Venezuela since January 2026. \" width=\"740\" height=\"715\" decoding=\"async\" loading=\"lazy\" fetchpriority=\"high\" class=\"_imageEmbed_1jdgl_38 _fullContentArea_1jdgl_42\" style=\"max-width:100%;color:transparent\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"Venezuela\u2019s oil exports reached their highest level since 2018, a surge that could have major downstream geopolitical consequences.&hellip;\n","protected":false},"author":2,"featured_media":624641,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-624640","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/624640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=624640"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/624640\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/624641"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=624640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=624640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=624640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}