Venezuelan Oil Being Held at Sea Swells After US Intervention
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000US Attacks on Venezuela:The volume of Venezuelan crude floating at sea has spiked to the highest level in more than three years after the US seized the country’s leader, Nicolas Maduro, and asserted control over its energy resources.More than 29 million barrels of Venezuelan oil are now on vessels stationary at sea, up from about 20 million barrels earlier this week, according to data from Kpler. Most of the increase has been seen in waters in Asia, where China has long been the largest importer of the South American nation’s output.