A Reuters report earlier this week has alluded to what it described as “insufficient inventories” and “a lack of imported diluents” at Venezuela’s main oil port, Jose, which, it says, continues to place restraints on the ability of the country’s state-run oil company, PDVSA, to further accelerate exports to fulfill spot supply deals. This information, the Reuters report says, emanates from “internal company documents.” Contextually, the report says that, in recent days, a number of large tankers have had to leave Jose empty, on account of what it says has been a lack of imported diluents used in the country to ‘treat’ oil prior to exports.
All of this is connected to the ongoing circumstance in which the United States is engaged in policies designed to pressure the administration of the country’s President Nicolas Maduro to alter a political stance which Washington contends inhibits democracy in the country. Citing what it says has been “vessel monitoring data” the Reuters report asserts that in recent days “some large tankers bound for Asia have left Venezuela without loading” after having waited “for weeks” to secure oil.
