Venezuela exported a little over 980,000 bpd on average in March despite a string of severe blackouts, Reuters reported , citing documents from state oil company PDVSA and its own data. The blackouts suspended operations at Venezuela’s largest oil export terminal Jose and, according to TankerTrackers.com, caused a slump in exports to 650,000 bpd, the co-founder of the tanker data provider, Samir Madani, told Reuters. The catchup, according to Madani, was impressive. Source: TankerTrackers.com This suggests PDVSA, against all odds, was able to quickly ramp up shipments when power was restored. The Reuters figures are higher than those from Kpler, a France-based energy commodity shipments tracking provider, which calculated Venezuelan March exports at an average daily of 928,000. However, Kpler estimated these had fallen by 355,000 bpd from February, dipping below 1 million bpd for the first time in more than five years. Reuters numbers for February had Venezuela’s […]