No. 49



Venezuela Becomes Leading Oil Supplier To US During First Half 1996

Venezuela has supplanted Saudi Arabia as the number one crude oil supplier to the US according to API statistics covering the first half of 1996. During that period, oil companies imported an average of 1.251mn b/d of Venezuelan crude as compared to 1.229mn b/d from Saudi Arabia. In the first half of 1996, Venezuelan imports increased by 9.2% over the same six-month period of...