Oil loading activity in Venezuela has slowed noticeably, as several tankers have altered their movements following intensified enforcement actions by U.S. authorities. As a result, shipping activity has become more cautious, with many vessels avoiding export voyages.
Tanker Activity Shifts to Domestic Movements
Instead of loading crude for international delivery, most tankers are now operating between domestic ports. Meanwhile, several vessels that approached Venezuelan waters for export cargoes reversed course or paused offshore. Owners and operators appear to be reassessing risks before proceeding.
In recent days, U.S. authorities have seized one tanker and attempted to intercept two others. These actions have heightened uncertainty for vessels operating near Venezuelan waters. Consequently, tanker operators have become more hesitant to load and sail with crude cargoes.
Export Delays and Offshore Congestion
Only one fully loaded supertanker has departed recently under a specific arrangement. At the same time, several loaded vessels remain offshore without sailing orders. This has led to growing congestion and delayed exports.
Additionally, millions of barrels of crude remain stored onboard tankers that have not yet departed. As a result, outward oil flows have slowed significantly, despite continued production.
Operational Challenges Add Pressure
Compounding the situation, Venezuela’s oil operations are still recovering from a recent cyberattack that disrupted internal systems. Although manual workarounds are in place, operational efficiency remains limited. This has added further strain to already complex loading and scheduling processes.
Officials in Venezuela have strongly criticized the enforcement actions. They argue that such measures disrupt lawful maritime trade and escalate tensions. Nevertheless, the uncertainty continues to influence tanker behavior.
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Source – Reuters
