Tanker Seizure Forces Chevron to Slash Prices on Venezuelan Crude ...Middle East

OILPRICE - Economy

Chevron has quietly cut the price of Venezuelan crude sold to U.S. refiners after American forces seized a tanker off the country’s coast, tightening an already-fragile export channel and adding fresh volatility to Gulf Coast markets. Traders familiar with the matter told Bloomberg that Chevron sold a batch of Venezuelan crude on December 11 at weaker levels than a similar offer just two days earlier. The timing was impossible to miss: the discount came immediately after U.S. forces boarded and seized the Skipper, a sanctioned crude carrier…

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Last updated : 16 Dec 2025 clock 02:09 AM

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Tanker Seizure Forces Chevron to Slash Prices on Venezuelan Crude ...Middle East

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