The United States has resumed—at least for the time being—oil imports from Venezuela, according to new data published by the Energy Information Administration (EIA). The United States saw a decrease in oil imports from Venezuela starting in week ending February 1 2019, when shipments fell to 345,000 barrels per day, from between 500,000 and 700,000 bpd earlier in the year. In earlier 2017 prior to any of the sanctions, Venezuela shipped over 1 million barrels per day to the US. The United States has long relied on Venezuelan oil imports to feed its perfectly suited oil refineries with heavy oil. In March, these shipments trailed off complete for a few weeks, then resumed sporadically in April. The first few weeks of May saw zero oil imports from Venezuela to the United States, as the US continues to sanction Venezuela to effect change by way of ousting Nicolas Maduro. But […]