Venezuela's Oil Crisis: Tankers Fill Up as US Blockade Stalls Shipments
Update: 2025-12-23
Description
Venezuelas PDVSA faces a crude oil storage crisis amid US sanctions, with tankers used to store excess oil. The US blockade has left over a dozen cargoes stranded off Venezuelas coast. PDVSA pumps one million barrels daily, with the Jose terminal in eastern Venezuela feeling the strain. Chevron, however, continues exporting crude from joint ventures, keeping western storage near normal levels. PDVSA is offering price discounts to Chinese buyers to clear inventories, which have surged past ten million barrels in China.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
