US EditionOil Giant Lines up Tanker Fleet to Ship Crude Out of Venezuela
Chevron is set to export 152,000 barrels per day of Venezuelan crude through 11 tankers, surpassing December's volume amid a US naval blockade enforcing sanctions.
- This month, Chevron is poised to export more Venezuelan oil with at least 11 ships scheduled to call at Jose and Bajo Grande, one having loaded and two others docked.
- Chevron operates under a US Treasury licence as the only Western producer allowed to export Venezuelan crude, managing nearly 25 and overseeing deliveries to US refiners including Valero Energy Corp, Phillips 66, and Marathon Petroleum Corp.
- A US naval blockade has turned away multiple vessels, and two tankers were intercepted; US forces are pursuing a tanker known as Marinera or Bella 1, while shadow/dark tankers spoof transponders.
- The 11-tanker flow represents 152,000 barrels a day, up from roughly 123,000 barrels a day in December, feeding US refineries including Valero Energy Corp, Phillips 66 and Marathon Petroleum Corp.
- All eyes are on Chevron as observers watch whether it will begin shipping out more Venezuelan crude, and Chevron said on Tuesday it remains focused on employee safety and compliance.
20 Articles
20 Articles
Warren Buffett's Chevron bet stands to gain if the US delivers a Venezuelan oil boom
Chevron, the only US oil major still operating in Venezuela, counts Berkshire Hathaway as a key shareholder.Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty ImagesThe Trump administration has captured Venezuela's leader and said it will revive its oil industry.Chevron stands to gain as it's the only US major still operating in Venezuela.Berkshire Hathaway, led by Greg Abel after Warren Buffett's exit as CEO, owns about 6% of Chevr…
The oil activity in the Venezuelan ports of José and Bajo Grande records an upturn with the arrival of a new flotilla, according to data from Bloomberg
Chevron increases shipments of crude oil from Venezuela under special license, while U.S. sanctions, military pressure in the Caribbean and political decisions reduce exports to the lowest level in 17 months. Chevron has intensified its role as a key actor in the Venezuelan oil sector in the midst of an increasingly tense political and geopolitical scenario. According to recent reports, the U.S. oil company sent at least eleven tankers to Venezu…
The American oil company Chevron sent a fleet of 11 tankers to Venezuela to resume the export of oil to the United States.This was announced by Bloomberg after Reuters reported that the company asked its employees to return to Venezuela after days of rest and the extraction of Nicolás Maduro in a military operation with bombings.The volume of the 11 tankers is equivalent to about 152 thousand barrels of oil per day.Chevron, from the United State…
Coverage Details
Bias Distribution
- 83% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
