Reuters

La petrolera estatal venezolana PDVSA comenzó a almacenar crudo y combustibles en tanqueros conforme aumentan sus inventarios en tierra en medio de la incautación por parte de Estados Unidos de barcos vinculados con Venezuela, según documentos de la compañía y datos marítimos. Marcket Screnner La Guardia Costera estadounidense interceptó este mes los buques Skipper y […]

Reuters

TL;DR

  • PDVSA is storing crude and fuel on tankers due to increasing land-based inventories.
  • US seizures of vessels and the threat of blocking sanctioned ships have disrupted oil exports.
  • This has led to over a dozen stranded cargoes and is filling up PDVSA's storage tanks, especially at the Jose terminal.
  • PDVSA is using floating storage to avoid production cuts, a strategy previously employed.
  • Chevron's exports from joint ventures are largely unaffected, but PDVSA's majority share of production is facing export challenges.
  • PDVSA is attempting to negotiate with clients and has declined to declare force majeure on some crude exports.
  • Venezuelan President Nicolás Maduro stated that Chevron's oil export deliveries will continue despite US pressure.