Venezuela’s main oil ports have gone five consecutive days without shipping crude to Asian customers, according to shipping data, as U.S. sanctions tighten pressure on state-run PDVSA, while Chevron ($CVX) has resumed limited exports to the United States.
- Shipping data shows no Venezuelan crude deliveries to Asia for five days, affecting the country’s largest export market.
- Chevron ($CVX) resumed U.S.-bound exports after a four-day pause and reopened its Venezuela offices as flights restarted.
- At least a dozen sanctioned vessels departed Venezuelan waters in early January carrying about 12 million barrels to China.
- The tankers sailed with transponders off, bypassing a U.S. tanker blockade imposed last month.
- PDVSA faces growing inventories and may deepen production cuts amid export disruptions.
Relevant Companies
- Chevron ($CVX) — The company is currently the primary channel for Venezuelan crude exports to the U.S., making its operations directly affected by changes in sanctions and export access.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
