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Alba Iulia
Sunday, September 20, 2020

Venezuelan oil tankers roam the seas

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The “black gold” is turning into a “buck”: Companies fear that Venezuela will take crude oil for fear of being persecuted by the US authorities because of possible sanctions violations. According to industry data, at least 16 oil tankers are currently cruising around the world in search of a buyer – some of them for half a year. 18.1 million barrels (barrel of 159 liters) of oil are stored in their bellies. This corresponds approximately to the Venezuelan production volume of two months.

This raw material is usually only loaded when the destination has already been determined. Loads without a customer are considered an emergency sale and are usually offered at a clear discount, because time is money here in the truest sense of the word. The mooring fees for an oil tanker alone are at least $ 30,000 a day.

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