Venezuelan crude exports rebound as sanctions push trade to compliant fleet: Teekay Tankers

Venezuelan crude exports are expected to return to a typical run rate of 800,000 b/d, as the country shifts away from dark fleet tankers following a US naval blockade that has boosted demand for compliant vessels in the region and supported spot rates, executives at Teekay Tankers said Feb. 19. “Just looking at where it’s tracking in February, we’re already back up to about 700,000 b/d ofVenezuelan crude exports are expected to return to a typical run rate of 800,000 b/d, as the country shifts away from dark fleet tankers following a US naval blockade that has boosted demand for compliant vessels in the region and supported spot rates, executives at Teekay Tankers said Feb. 19. “Just looking at where it’s tracking in February, we’re already back up to about 700,000 b/d ofRead More