Venezuela"s exports of oil and fuel to the United States are falling, according to AP. The U.S. Energy Information Administration says shipments of crude oil and refined products from the South American country to the U.S. dropped to 955,000 barrels a day in October of 2009, down 17.8 percent compared to the same month a year earlier. The U.S. figures show average imports from Venezuela were down 7 percent in the 12-month period ending in October, compared to the previous yearlong period. The reduction is partly due to an OPEC mandate to cut 166,000 barrels a day last year. Venezuela is also shipping more fuel to allies such as China. The latest export figures were published by Venezuela El Universal daily on Monday.
