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Venezuela's PDVSA Pulls Export Papers For Two Tankers Destined For USA [zero hedge]
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Venezuela's PDVSA Pulls Export Papers For Two Tankers Destined For USA Two large tankers loaded with Venezuelan crude and chartered by Chevron are stranded in Venezuelan waters after state oil firm PDVSA revoked export authorizations to the United States. Reuters , citing three sources familiar with the situation, reported that the move follows President Trump's imposition of secondary tariffs on buyers of Venezuelan oil in recent weeks. The sources provided color on the cancelations, sparking tensions between Washington and Caracas: Chevron awaits customs paperwork to return the cargoes to ports after PDVSA on Thursday canceled set-sail authorizations to two of the Chevron-chartered vessels that had finished loading. It also suspended loading permits to four other tankers. PDVSA's cancellations follow Trump's move to slap tariffs on Venezuela's oil buyers last month and canceled key licenses to several PDVSA partners and customers, including Chevron, allowing them to operate and expo
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