Oil tankers still arriving in Venezuela despite US blockade, data shows
At least two oil tankers have made their way to Venezuela in recent days and others are navigating towards the country, a sign of state-run oil and natural gas company PDVSA’s effort to expand floating storage and keep selling crude even as a US blockade has reduced exports to a minimum. US President Donald Trump…
At least two oil tankers have made their way to Venezuela in recent days and others are navigating towards the country, a sign of state-run oil and natural gas company PDVSA’s effort to expand floating storage and keep selling crude even as a US blockade has reduced exports to a minimum.
The US move has cut oil exports this month to about half of their November level. The US has seized two fully loaded cargoes of Venezuelan oil and its ships are patrolling the Caribbean Sea.
The two vessels approaching Venezuela are part of a fleet used by China and Venezuela to pay debt service with crude bound for Chinese ports. It was unclear whether China will press for a US waiver to secure delivery of those cargoes.
