More Traders And Shippers Turn Their Backs On Venezuelan Oil | Oct 11, 2019 at 9:30 AM
  • Trafigura, Equinor, Exxon, and Unipec are among the companies that are increasingly turning their backs on Venezuelan oil contracts, along with vessel operators, all too aware of the consequences of violating U.S. sanctions against Venezuela.
  • Exxon had revised its charter contract to avoid tankers that had called at Venezuelan ports in recent months.
  • Taken together with Unipec’s contract revision, the change affects some 250 tankers.