Barclays said the South American country was shipping 200,000 barrels per day (bpd), down from 400,000 bpd three years ago.
The report said it was “ironic” that Venezuela was still exporting oil during its own economic turmoil after price plunges, supporting nations in better shape.
“The oil agreements have been a heavy burden for Venezuela. These deliveries reached 400,000 bpd at their peak in 2012, though Venezuela only received payment for 200,000 bpd,” Barclays said, citing figures from Petrologistics.
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