Rosneft-chartered empty tankers depart Venezuela, sanctions cancel cargoChristian Fernsby ▼ | March 30, 2020
Three large crude carriers (VLCCs) chartered by units of Russian oil major Rosneft to transport Venezuelan oil left Caribbean waters empty on Saturday after the cargoes were canceled due to sanctions, according to Refinitiv Eikon data and a document from Venezuelan state-run oil firm PDVSA.
Ship Large crude carrier
Topics: Rosneft tanker Venezuela sanctions cargo
Following weeks of severe oil price falls amid declining demand, oil producers around the world are looking for tanks to store output, with some of them opting for using vessels as floating storage. ■