Venezuela’s Oil Exports Begin to Feel the Weight of Enforcement

Politics, Geopolitics & Conflict U.S. actions around Venezuelan oil exports are now affecting actual flows. Chasing a third tanker in less than two weeks has made shippers more cautious and reduced the number of willing buyers. Loadings are slowing. Insurance and scheduling risk are rising. If this continues, exports fall first and production follows once storage fills. Public messaging about Venezuela having “stolen” U.S. oil does not line up with the record. The industry was nationalized decades ago. U.S. firms operated under…