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  • fully peanut fruit oil peanut fruit oil in venezuela
How is Venezuela's crude oil affected by political unrest?

Venezuela's crude oil is very heavy by international standards, and as a result much of it must be processed by specialized domestic and international refineries. Venezuela's development of its oil reserves has been affected by political unrest.

Why is Venezuela's oil production declining?

Venezuela's Oil Production 2000 to 2021 One reason for the decline of Venezuela¡¯s oil industry is that many countries ¡ª including the U.S. ¡ª have placed various sanctions on Venezuela over the years. Most recently, the Trump Administration placed Venezuela¡¯s oil sector under sanction in 2019.

Why did Venezuela's oil exports rise 32% last month?

But higher demand, firmer sale prices and available inventories paved way for a 32% jump in petroleum exports last month, the documents showed. Venezuela had exported 671,138 bpd of crude and refined products in February. Cargoes to Asia, the main destination of Venezuela's crude, rose to almost 550,000 bpd last month from 380,000 bpd in February.