Venezuela loses 20 per cent of oil exports after Chevron cargo cancellations

The main destination of Venezuela's oil exports was China with some 428,000 bpd, followed by the US with 138,000 bpd and India with 64,200 bpd, the data and documents showed.

Chevron's exports of Venezuelan crude to the US plummeted 69 per cent to some 66,000 bpd due to PDVSA's measures.

However, other customers of the state company, including France's Maurel Prom, US Global Oil Terminals and India's Reliance increased their intake of Venezuelan crude and byproducts ahead of the May 27 deadline.