Venezuela Oil Exports Almost Triple Even as U.S. Adds Sanctions

Exports of oil surged to more than half a million barrels a day in November, with nearly all of it heading to China, according to shipping reports and data from vessel monitoring compiled by Bloomberg. Crude output, meanwhile, stood at 484,000 barrels a day on Nov. 25, according to the latest figures in an internal document seen by Bloomberg. That’s a drop of 48% year-on-year but shows that the country, despite sanctions and crippled operations, can still produce more oil than Ecuador. By Lucia Kassai and Fabiola Zerpa. Full Text-> Bloomberg

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