EnergyReader · 2026-08-09 10:49

Wright Turns SPR Loans Into a Premium Refill as Venezuelan Exports Hit Post-Crisis High

By EnergyReader Newsroom · August 9, 2026

Venezuelan crude exports exceeded 1 million barrels per day in July for the third consecutive month, roughly double the output recorded in December 2025, Doomberg reported on Sunday (2026-08-09). The recovery is landing as the US Strategic Petroleum Reserve sits at a four-decade low, and Energy Secretary Chris Wright's plan to rebuild it without spending appropriated funds is coming into sharper focus.

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