Both ways, this month.
US purchases of oil and refined products from Venezuela fall to 601,000 barrels a day in February. Other than a couple months of oil strike 10 years ago, the February purchases were the lowest by the US since February 1986, according to the US Energy Information Administration.
Shipments of southbound fuel also slowed dramatically, with conventional gasoline shipments from the US to Venezuela falling to 7,000 barrels a day from 113,000. That’s a 94 percent decline. That, plus the recovery of MTBE shipments (from 0 in January to 22,000 barrels a day in February) indicate Venezuela’s refineries are getting back on line.