💨 Abstract

Venezuela's PDVSA is filling tankers with stored crude and fuel oil due to mounting inventories and U.S. actions against Venezuela-linked ships. The U.S. has intercepted several tankers, causing a backlog in Venezuelan waters. PDVSA is draining inventories to avoid production cuts, with most inventories in the western region near normal levels due to Chevron's continued exports.

Courtesy: theprint.in