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Stock impact report

Venezuela oil exports fall steeply after US forces seize tanker off coast [Yahoo! Finance]

Chevron Corporation (CVX) 
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
Company Research Source: Yahoo! Finance
Oil tanker movements into and out of Venezuelan waters have almost come to a standstill, the Reuters news agency reported on Friday, after the US announced that it would seize more vessels as part of its military pressure on Venezuela's President Nicolas Maduro. The seizure on Wednesday of the Skipper tanker marked the first US capture of Venezuelan oil cargo since Washington imposed sanctions on Caracas in 2019. It also comes amid a US military build-up in the Caribbean, which appears designed to remove Maduro from power. Threats of more seizures have now left tankers – loaded with about 11 million barrels of oil and fuel – stuck in Venezuelan waters and fearing to venture further, according to data and documents reviewed by Reuters. Only tankers chartered by US oil giant Chevron have left ports and sailed into international waters carrying Venezuelan crude since the seizure of the Skipper, according to Reuters. Chevron has US government authorisation to operate in Venezuela t Show less Read more
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