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U.S. Embargo Halts Venezuela Oil Shipments to Key Asian Buyers

Barchart·01/06/2026 08:10:04
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Venezuela’s state oil firm PDVSA has been unable to ship oil cargoes to Asia for the fifth consecutive day on Tuesday, as the U.S. “oil quarantine” of Venezuela continues, according to shipping data cited by Reuters. U.S. supermajor Chevron resumed exports to the United States on Monday, according to the data, after a few days of suspended shipments during which U.S. forces extracted Nicolas Maduro and flew him to New York to stand trial in drug-trafficking charges.  Chevron is the only Western oil company currently authorized…