Loading of Venezuela's heavy crude slows due to US tariffs, impacting Chevron's fleet and exports

From Yahoo Finance: 2025-03-25 14:03:00

Loading of Venezuela’s heavy crude slowed due to U.S. tariff on oil sales. Trump imposed a 25% tariff on countries buying Venezuelan oil, impacting Chevron’s fleet and exports to the U.S. Bottlenecks at ports may lead to delays as China, a major buyer, waits for clarity on enforcement.

Read more: Oil loading slows at Venezuela’s ports amid US tariffs, license termination, data shows