Sanctions against Venezuela could benefit tanker rates

US sanctions on Venezuelan imports will lead to tankers needing to sail further to pick up oil. This could make tanker rates increase, concludes analyst firm and broker Clarksons.

Photo: Arkivfoto/Colourbox

US sanctions against Venezuela might have an impact on tanker rates for VLCC ships, estimates analyst firm and broker Clarksons.

The sanctions target the country's state-owned oil company PSDVSA, from which the US imported an average of 500,000 bpd in 2018.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs