Venezuela’s crude sales to the United States declined 19 percent in October from September due to lower exports of upgraded oil from the country’s largest producing region, the Orinoco Belt, according to Refinitiv Eikon data on Tuesday. A chronic lack of investment, new military-led management at state-run oil company Petroleos de Venezuela SA, known as PDVSA, and sanctions imposed on the company by U.S. President Donald Trump’s administration have contributed to lower exports of Venezuelan oil in recent years, especially to the United States. Shipments of Venezuelan crude to the United States had exceeded 600,000 barrels per day (bpd) in September as PDVSA raised cash to pay creditors, including bondholders and U.S. producer ConocoPhillips. But they fell last month to 489,282 bpd […]