Ghana news briefing
Tankers stack up as Venezuela sells oil faster than its ports can handle
Venezuela's dilapidated oil port terminals are imposing a de facto export cap on the country's resurgent crude production, with tankers having to wait up to 30 days to load because of ageing infrastructure, power outages and quality issues, according to shipping data, sources and documents.25 million barrels per day of exports even amid rising crude output, stock drainage and high global demand, vessel monitoring data showed.
The loading hiccups are triggering disputes over demurrage, crude quality and ship contamination, according to maritime documents, four sources and vessel monitoring data.
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