EnergyReader · 2026-08-07 09:55

Venezuela Crude Output Up 17.6% as Hormuz Squeeze Draws Buyers to Atlantic Basin

By EnergyReader Newsroom · August 7, 2026

Venezuela's crude output expanded 17.6% over 2025 levels, OilPrice.com reported on Wednesday (2026-08-05), arriving at a moment when Strait of Hormuz disruptions have removed competing Middle Eastern supply from global markets and left buyers searching for Atlantic Basin alternatives.

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Wood Mackenzie Sees Asian LNG Demand Near Doubling by 2050 as Hormuz Crisis Drives Second Straight Annual Fall 2h ago · Strait of Hormuz same market Germany and Europe Absorb the Hormuz Supply Loss, but the Alternatives Are Thin 3h ago · Strait of Hormuz same market Hormuz Throughput Has Doubled From Its September Low, But Brent Is Still Above $100 4h ago · Brent via Strait of Hormuz Disruption Risk Taipower Files Maanshan Restart Plan as JKM Holds Above $27 on Asian LNG Pressure 2h ago · JKM via Strait of Hormuz Disruption Risk Big Oil's Reserve Shortfall Undermines the Production Surge Built on Spending Cuts 6h ago · Brent via Strait of Hormuz Disruption Risk Taiwan Moves to Revive Nuclear Capacity as LNG Prices Bite 1d ago · JKM via Strait of Hormuz Disruption Risk

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