What percentage of Venezuela's oil output is currently going to the U.S., and what are the key figures cited by Under Secretary Haustveit?

According to U.S. Energy Under Secretary Kyle Haustveit, 'about half of Venezuela's oil output is now being exported to the U.S.', with 'north of 500,000 barrels' per day — approximately half of Venezuela's total production of 'around 1.25 million barrels a day' — flowing to U.S. refineries built specifically for that crude.

What role does U.S. naphtha play in Venezuela's oil production, and how is it used?

Haustveit stated that 'north of 100,000 barrels per day' of U.S. naphtha is being sent to Venezuela to aid production, where it is 'mixed with heavier crude' — serving as a diluent to enable transportation and processing of Venezuela's heavy oil grades.

About Half of Venezuela Oil Output Now Goes to U.S., Under Secretary Haustveit Says

Aug 18, 2026

U.S. Energy Under Secretary Kyle Haustveit reported that roughly half of Venezuela's oil production is now exported to U.S. refineries. PDVSA officials confirmed rising export volumes and fuel output while emphasizing the need for diluents and infrastructure improvements.

reuters

2026-06-03

Venezuela's Reforms Fail to Attract Investors Wary of Legal and Infrastructure Risks

2026-07-09

Venezuela Breaks Up Oil Monopoly Under Long-Awaited Regulations

2026-07-23

Oil executives rush to complete contract migration in Venezuela, sources say

2026-08-18

About Half of Venezuela Oil Output Now Goes to U.S., Under Secretary Haustveit Says

About Half of Venezuela Oil Output Now Goes to U.S., Under Secretary Haustveit Says

FAQ