Venezuela's oil exports plummet as shipping contracts get suspended

MARINELINK | Venezuela's oil exports have fallen nearly 28% in the first half of June, on course for the lowest level in over 70 years as tanker owners and operators suspend contracts for transporting crude oil, according to documents and data on Tuesday.


Shipping firms are avoiding Venezuela after the United States earlier this month blacklisted four vessels and their owners for transporting the country's crude.


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