18 Million Barrels Of Sanctioned Venezuelan Oil Are Stuck At Sea

Oil tankers carrying at least 18.1 million barrels of Venezuelan oil are currently idling at sea across the world unable to find buyers – some for as long as six months – as many potential and previous customers of Venezuela’s crude are not taking chances with delivery for fear of incurring secondary U.S. sanctions.   According to Reuters estimates based on shipping data, industry sources, and documents of Venezuela’s state oil firm PDVSA, at least 16 tankers are idling off the coasts of Africa and Southeast…