Retrieved from Gibson Shipbrokers
According to the shipbroker, “Kpler data shows that Venezuelan crude exports averaged around 0.85 million b/d last year, down by nearly 0.5 million b/d from 2018 levels, following the collapse in Venezuela – US trade. A further decline in exports has been seen this year, with the country’s crude shipments averaging just 660,000 b/d during the first five months of 2020. Even before the latest round of sanctions, Venezuela’s crude struggled to find a home, with a number of vessels sitting in floating storage for an extended period of time, mainly off Singapore before the barrels were sold. Now the situation is even more severe. By Nikos Roussanoglou. Full Text-> Hellenic Shipping News Worldwide
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