Venezuela Crude Oil Imports Drop To New Low -- June, 2017 Data

Venezuela crude oil imports drop below 20 million bbls / month for the first time in several years. If one assumes the three other times that Venezuela imports dropped below 20 million bbls (in one month) were anomalies, then this might be a big deal. I don't know. One data point does not prove a point but for anyone following the Venezuela story, this has to be more than a trivial observation. Source. See what peakoilbarrel has to say about Venezuela; not a pretty picture.

See also this post.

And then, of course, there's Saudi Arabia:

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Somebody's Lyin', Somebody's Cryin'

Somebody's Cryin', Chris Isaak