While Venezuela had publicly expressed its wish for early engagement with the administration of recently sworn in US President Joe Biden, in an effort to remove the sanctions on its oil industry imposed by former President Donald Trump, the early signs are that Washington intends to keep the sanctions in place at least in the short term.
Recently released figures on the country’s oil exports for February reveal that crude shipments fell to 418,857 barrels a day, volumes that represent a 13% drop in January exports, a likely sign that, for the moment at least, Washington’s efforts to staunch the flow of Venezuelan oil to international markets remains effective.
