Shippers Afraid To Give Venezuela Tankers To Export Crude

OilPrice.com | Sep 13, 2019 at 11:00 AM
  • Shipping companies have become increasingly reluctant to supply Venezuela with vessels to ship its crude oil to foreign markets for fear of losing their insurance, Bloomberg reports, citing unnamed sources in the know.
  • The latest round of sanctions was signed in August and they spread to anyone doing business with the Maduro government.
  • Beijing has firmly stood by the Maduro government and Chinese companies have stepped in to help PDVSA repair its refineries and boost crude production.