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 volume 14, issue #1 - Thursday, January 29, 2009

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Venezuela's oil exports to the US keep on falling

01-12-08 In September 2008, Venezuela barely exported to the US an average of 107,000 bpd of by-products versus 159,000 bpd sold in August 2008.
Exports of Venezuelan oil and by-products to the United States continued the downward trend in September, when the volume of oil and by-products shipped to the US declined 254,000 bpd.

In total, the US received an average of 1.05 mm bpd of Venezuelan oil and by-products in September, that is 19.4 % below the shipments in August and 264,000 bpd (19.5 %) less than the volume exported in September 2007, according to the data released by the Energy Information Administration (EIA), the statistical arm of the US Department of Energy.
These data were influenced by a 17.6 % decrease (202,000 bpd) in the amount of crude oil sold to the US, but particularly by a 32.7 % fall in the volume of Venezuelan by-products traded, a behaviour which has been strengthening over the past months.

In September 2008, Venezuela barely exported to the US an average of 107,000 bpd of by-products versus 159,000 bpd sold in August 2008.
As a result, the accumulated average between January and September 2008 stood at 153,000 bpd, 80,000 bpd (34.3 %) below the average registered during the same period of 2007.

Source: http://english.eluniversal.com



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