Blockade Slows Exports but Tankers Still Drift Toward Venezuela

Oil tankers are still making their way to Venezuela despite Washington’s naval blockade, a sign that Caracas is leaning harder on floating storage and debt-linked crude shipments even as its export system begins to clog. At least two tankers arrived in Venezuelan waters in recent days, and others are approaching the coast, according to Reuters calculations and data from TankerTrackers.com. The arrivals come as U.S. enforcement has cut Venezuela’s oil exports roughly in half from November levels, seized two cargoes, and pushed many shipowners…