Venezuela’s ‘Black Gold’: production and export grades, upgraded API properties [table]

PANAMA CITY, PANAMA / HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 11.Jun.2025, Words: 560) — Venezuela, despite ongoing US sanctions meant to halt the country’s economic growth with an ultimate aim on producing a regime change, continues to produce and export a variety of crude oil grades with gravities ranging from as low as 9° API (Boscan) up to 30° API (Santa Barbara), according to Petróleos de Venezuela, S.A. (PDVSA).

A summary of these grades follows: