Oil companies racing to export Venezuelan crude to the U.S. are struggling to find tankers & safe transfer ops after weeks of sanctions and a U.S. blockade.
📌 Key points:
• Oil stuck in aging, poorly maintained tankers & full onshore tanks — risky to load.
• Firms like Chevron, Vitol & Trafigura competing to secure vessels & export deals.
• Insurance & liability rules block ships from interacting with sanctioned vessels even under US licenses.
• Logistics headaches could slow supply flows & impact oil prices and market sentiment.
🔎 Impact:
This could influence crude price volatility, refinery input costs, and global energy flows.
#OilMarket #CrudeOil #EnergyNews #MarketAlert #TradingInsights #commodities #RiskManagement
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