Venezuela resumes exports of diluted crude oil after 15-month pause - document

Venezuela has restarted exports of diluted crude oil (DCO) this month after a hiatus since late 2024, marking a renewed flow of the blend favored by refiners in the U.S. and India.

March 07, 2026

Marianna Parraga/Reuters

Venezuela resumes exports of diluted crude oil after 15-month pause - document

FILE PHOTO: A view of the installations at the Puerto La Cruz oil refinery of Venezuelan state oil company PDVSA in Puerto La Cruz, Venezuela, January 23, 2026.

Samir Aponte/Reuters

Venezuela this month resumed exports of a key crude grade, diluted crude oil (DCO), which had not been shipped since late 2024, a document from state energy company PDVSA seen on Friday showed.

The grade, produced from a blend of extra heavy crude from the Orinoco Belt and imported heavy naphtha, is popular among refiners in countries including the United States and India. Exports could help drain millions of barrels of accumulated inventories, according to the document.

-Marianna Parraga/Reuters

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