Venezuela's oil exports to Asia edge downwards in 1Q15

Oil

Venezuelan state-oil firm PDV's oil exports to Asia in 1Q15 dipped by around 40K b/d y-o-y to 1.17M b/d, Argus reports, citing data from the country's oil ministry. This included a 57K b/d y-o-y decline in oil exports to China, which averaged 721K b/d in the quarter.