BREAKING: Venezuela’s crude oil exports have surged +61% YoY, to 1.25 million barrels per day, the highest in 7 years.
The surge was led by rising shipments to the US at ~558,000 barrels per day, India at ~427,000 barrels per day, and Europe at ~169,000 barrels per day.
In total, 67 cargoes were exported from Venezuelan ports in May.
Since November 2025, Venezuela’s oil exports have surged +150%, or ~750,000 barrels,
This comes as the US eased sanctions on Venezuela's oil industry following the capture of Maduro earlier this year.
Venezuela's oil ministry is now targeting output of 1.37 million barrels per day by year-end, which would mark a +22% increase from 2025 levels and the highest since US sanctions were first imposed in 2019.
Venezuelan oil is increasingly flowing into global markets.
The execution across Elon Musk’s companies right now is operating at an unprecedented scale
• SpaceX — The largest IPO in history expected around June 12
• xAI — Grok V9 (1.5T parameters) launching mid-month to push the frontier
• Tesla — Unsupervised FSD Robotaxis actively scaling across Texas
• Optimus — Production lines spinning up this year
• Neuralink & Starship — Blindsight implants and full orbital reuse both incoming
This is civilizational-level progress. We are living in the most interesting time in human history. This is a literal turnaround