Despite sanctions under Trump 2.0, Venezuelan oil output steady, exports reaching China

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 2.Jul.2025, Words: 316) — Despite renewed US sanctions on Venezuela under Trump 2.0, Venezuela’s crude oil production remains relatively steady while oil exports from the OPEC country have been diverted almost exclusively Asia, in particular China.

“Pro-sanction speeches may sound forceful, but reality always prevails,” according to Datanalisis president Luis Vicente León. “The United States needs to rethink its strategy.”