Blockade Slows Exports but Tankers Still Drift Toward Venezuela

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Why This Matters

Despite the US naval blockade, oil tankers continue to arrive in Venezuelan waters, indicating Caracas' reliance on floating storage and debt-linked crude shipments, with export levels cut roughly in half.

Market Impact

Market impact analysis based on bearish sentiment with 70% confidence.

Sentiment
Bearish
AI Confidence
70%
Time Horizon
Short Term

Article Context

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Oil tankers are still making their way to Venezuela despite Washington’s naval blockade, a sign that Caracas is leaning harder on floating storage and debt-linked crude shipments even as its export system begins to clog. At least two tankers arrived in Venezuelan waters in recent days, and others are approaching the coast, according to Reuters calculations and data from TankerTrackers.com. The arrivals come as U.S. enforcement has cut Venezuela’s oil exports roughly in half from November levels, seized two cargoes, and pushed many shipowners…

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Original article published by OilPrice.com on December 30, 2025.
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