Venezuela oil exports reportedly fall sharply after US seizure of tanker

The seizure of the Skipper on Wednesday marked the first US capture of Venezuelan oil cargo since sanctions were imposed in 2019

Venezuelan oil exports have reportedly fallen sharply since the US seized a tanker this week and imposed fresh sanctions on shipping companies and vessels doing business with Caracas, according to shipping data, documents and maritime sources.

The US seizure of the Skipper tanker off Venezuela’s coast on Wednesday was the first US capture of Venezuelan oil cargo since sanctions were imposed in 2019 and marked a sharp escalation in rising tensions between the Trump administration and the government of Nicolás Maduro.

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