Venezuelan Oil Exports Fall, Politics Threatens Sanctions Relief

Following a six-month easing of sanctions by Washington on Venezuelan oil, the country’s oil exports fell for October, and signs of political interference are now threatening to reverse the sanctions deal. According to Reuters, Venezuela’s October exports dropped by 19% to fewer than 700,000 barrels per day in October, after exporting over 8210,000 bpd in September, based on data from state-run oil company PDVSA and tanker tracking. Internal politics now threatens to scupper the six-month temporary lifting of sanctions,…