MIAMI - Venezuelan oil exports surged to roughly 800,000 bpd in January, according to recent data.
The increase rose from the 498,000 bpd under the Maduro regime before a U.S. raid in Caracas led to the capture of the former Venezuelan dictator.
A U.S. military deployment around the Venezuelan coast along the South Caribbean in the summer of 2025 led to a 40 million-barrel back-jam that congested Venezuelan ports and onshore tanks, forcing the state-owned P.D.V.S.A. to cut output, severely reducing revenues for the Venezuelan government as the U.S. Coast Guard seized several sanctioned shipping vessels linked to the Maduro government.
In January, according to recent shipping data, Venezuelan oil exports rebounded while under U.S. supervision and the U.S. State Department and Marco Rubio, reaching an average of 847,000 bpd of crude, but slightly lower during the same time in 2025.
The U.S. Treasury Department is currently working to approve “broad licensing authorizing business” between U.S. oil companies and the P.D.V.S.A., according to a recent report by Reuters.
