From Quiver Quantitative: 2025-04-14 21:06:00

Chevron’s Venezuelan oil cargoes are stranded at sea after PDVSA revoked export authorizations due to U.S. secondary tariffs. Two Chevron-chartered vessels, including one destined for Valero Energy, remain stuck, disrupting refining operations. Chevron awaits customs paperwork to return cargoes to port, facing uncertainty from the cancellation. This adds to existing challenges from U.S. sanctions and geopolitical shifts. Market reactions are mixed as analysts warn of global supply chain disruptions and crude pricing impacts. Chevron must navigate regulatory hurdles and operational delays in a volatile energy market.



Read more at Quiver Quantitative: The Geopolitical Crisis Impacting Chevron’s (CVX) Crude Operations