Slew of Tankers Sail Toward Venezuela, Suggesting Oil Export Rebound

Venezuela’s oil exports fell to their lowest levels since the 1940s in October, as some of Petroleos de Venezuela’s last remaining clients halted trade with the company ahead of a deadline imposed by the United States.

RIO DE JANEIRO, BRAZIL - At least 18 oil tankers are expected to load oil for export from Venezuela in the coming weeks, according to tracking data and internal documents from state-run PDVSA, in a sign the sanctioned OPEC nation’s crude exports may rebound this month.

Venezuela’s oil exports fell to their lowest levels since the 1940s in October, as some of Petroleos de Venezuela’s last remaining clients halted trade with the company ahead of a deadline imposed by the United States.

Washington sanctioned PDVSA and its partners last year to pressure Venezuelan President Nicolas Maduro to . . .

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