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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.

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