Jamaica
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Venezuela's oil exports in September hit third highest level this year

Venezuela's oil exports in September were at their third highest level this year, internal documents and tanker tracking data showed.

The OPEC-member nation's oil exports were volatile earlier this year due to a lack of diluents required to produce exportable grades and unstable output amid processing outages and scarce drilling equipment.

Oil production and exports, however, regained their footing in the third quarter, helped by Iran's supplies of condensate and crude to state-run oil company PDVSA and deliveries of Venezuelan heavy crude and fuel oil to Iranian state companies.

A total of 40 cargoes departed from Venezuelan waters last month, carrying an average of 710,033 barrels per day of crude and fuel.

PDVSA's internal shipping documents and Refinitiv Eikon vessel tracking data showed Venezuela shipped 544,000 metric tonnes of byproducts mainly to China through regional hubs.