Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Zorro

(15,748 posts)
Sun Oct 5, 2014, 11:22 AM Oct 2014

Venezuela's deliveries of diluted crude to Citgo fell 57 pct in Sept

Shipments of Venezuelan diluted crude oil to Citgo Petroleum fell 57 percent in September, although parent company Petroleos de Venezuela said it would keep production levels unchanged during the month and would honor its delivery schedule.

Shipments of the grade of oil fell to 2.13 million barrels in September, compared with 4.99 million barrels the previous month, according to Reuters Trade Flows data, after state-run PDVSA put exports on hold to reset prices for the grade.

Although the Venezuelan company in August notified its partners and customers that scheduled deliveries of diluted crude oil (DCO) would continue, sales to the United States have declined sharply.

Citgo's Lake Charles, Louisiana, and Corpus Christi, Texas, refineries on the Gulf Coast only received four cargoes with 500,000 to 600,000 barrels of Venezuelan DCO in September, compared with seven cargoes in August.

http://finance.yahoo.com/news/venezuelas-deliveries-diluted-crude-citgo-191122941.html

Sounds like troubles in the Venezuelan oil patch...

Latest Discussions»Region Forums»Latin America»Venezuela's deliveries of...