We look at the impact on Venezuela's exports to the US as well as the rest of the world in the aftermath of the US oil sanctions which were imposed on January 28th, 2019.

For the week ending February 1st, 2019, the EIA reported 2.87 million barrels per day in crude oil exports out of the US. Here's what we tracked for the week ending February 8th.

In addition to the tracked crude oil and gas condensate exports during the month of January 2019, this report contains all of the interesting vessel observations we made.

We took a look at the impact on Venezuela's crude oil exports over the past two weeks since the US imposed oil sanctions on PDVSA.

Last week, the EIA posted a crude oil inventory build of only 917,000 barrels. Our forecast came in extremely close at 905,000. Let's have a look at where the coming EIA report places us!

For the week ending January 25th, the EIA posted 1.944 million barrels per day in crude oil exports. Let's take a look at what was shipped the following week.

Here is the summary and detailed versions of our January Crude Oil Exports Report, showing how many barrels went to each destination. Iran's details will be available next week in an Extensive Report.

Last week, the EIA posted a build of nearly 8 million barrels based on a boost in weekly imports and a drop in refinery runs. Here is our forecast of last week's storage change in the United States.

Yesterday on January 28th, 2019, the United States imposed sanctions on Venezuela's national oil company, the PDVSA in an effort to economically isolate the country's contested leader, Nicolas Maduro. Now the big question on everyone's mind is: How is that going to affect Venezuela's oil exports?

Last week, the EIA posted 2.035 million barrels per day in crude oil exports. Here's what we tracked during the week ending January 25th, 2019.

So far during the month of January 2019, we have spotted and identified three foreign VLCC (Very Large Crude Carrier; ~2 million barrel capacity) supertankers successfully pick up crude oil and gas condensates out of Iran.

Last week, the EIA reported a draw of 2.681 million barrels even though production rose by another 200,000 barrels per day to 11.9 million.

When the US Department of Treasury imposed economic sanctions on Iran, they announced that eight countries were issued six month waivers to continue importing Iran's oil. One of them was Taiwan. The country couldn't continue importing because payment mechanisms ceased. We now examine their plan B.

Last week, the EIA posted 2.966 million barrels per day in crude oil exports. Check out what we tracked for week ending January 18th, 2018.

We've put together a list of how many barrels were shipped by the OPEC countries we track during December 2018 to the United States of America. This will be published on the 15th of every month.