Spain’s Oil Imports From Venezuela Jump 60% Ahead of U.S. Sanctions

Spain imported 59% higher volumes of crude oil from Venezuela in January and February compared to the same period of 2024, Spanish statistics data showed, as the Trump Administration’s deadline for the new sanctions on Venezuela approaches. Spain’s crude oil imports from Venezuela jumped to 449,000 tons in January and February 2025, up from 283,000 tons imported in the same months last year, Reuters reported on Friday, citing data by the Spanish energy and environment ministry. Spain’s energy major Repsol was one of several foreign…