💨 Abstract

About a dozen tankers loaded with Venezuelan oil have left the country's waters in "dark mode" since the start of the year, potentially defying a U.S. blockade. These vessels, under sanctions, typically carry crude to China. The U.S. President Trump confirmed the embargo remains in force, but Venezuela's largest customers, including China, will continue receiving oil. PDVSA, Venezuela's state-run oil company, has been reducing output and accumulating floating storage due to the blockade.

Courtesy: theprint.in