Sources said that due to the political turmoil, oil exports from Venezuela have already been paralyzed because of the turbulent political situation, oil tankers have avoided sailing one after another. Surveillance data shows that some recent ships carrying crude oil and fuel and are destined for the US and Asia have yet to set sail, while others waiting to be loaded have left port empty. According to the Tankertrackers.com website, no tankers were loading cargo at Venezuela's main oil port, Port José on Saturday. According to sources and Petronas documents, the complete suspension of oil exports, including suspending tankers leased by its main partner Chevron, may accelerate the country's need to cut oil field production, as oil storage tanks and even ships used for floating oil storage have filled up rapidly in recent weeks.

Sources said that due to the political turmoil, oil exports from Venezuela have already been paralyzed because of the turbulent political situation, oil tankers have avoided sailing one after another. Surveillance data shows that some recent ships carrying crude oil and fuel and are destined for the US and Asia have yet to set sail, while others waiting to be loaded have left port empty. According to the Tankertrackers.com website, no tankers were loading cargo at Venezuela's main oil port, Port José on Saturday. According to sources and Petronas documents, the complete suspension of oil exports, including suspending tankers leased by its main partner Chevron, may accelerate the country's need to cut oil field production, as oil storage tanks and even ships used for floating oil storage have filled up rapidly in recent weeks.