As reported August 18, 2016 in The Barrel blog by Meghan Gordon, Senior writer, oil, S&P Global Platts.

Venezuela’s thirst for light crude imports could play an interesting role in crimping as much as 300,000 b/d of its own crude exports. That would amount to a whopping 14% of Venezuela’s 2.12 million b/d production as of July.

The two are tied because of Venezuela’s rising dependence on imported light crudes and condensates for blending with its increasingly heavy domestic oil — a result of the government’s bet on...

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