Venezuela’s PDVSA Reports 89% Increase in Oil Revenue
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Venezuelan state oil company PDVSA reportedly billed US$15.9 billion in revenue between January and July 2026, marking an 89% increase compared to the same period in 2025. These figures, which were sourced from local press reports rather than official company statements, represented invoiced amounts rather than realized cash collections. The United States accounted for more than half of this billed revenue, while India emerged as a significant buyer, importing approximately 319,200 to 427,000 barrels per day depending on the reporting source.
Consequences
The reliance on billed rather than collected revenue suggests continued uncertainty regarding PDVSA’s actual cash flow and fiscal liquidity. The divergence between invoicing data and payments received may complicate future assessments of the state's economic stability.
Sources
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