Trump’s blockade of Venezuela’s oil tankers: Will it cause disruption in the global crude market?

Trump’s blockade of Venezuela’s oil tankers: Will it cause disruption in the global crude market?

Venezuela is producing approximately 900,000 barrels per day (kbd) of crude oil and condensate, which makes up about 1% of the global oil supply. (AI image) US President Donald Trump’s latest escalation in tensions and blockade of Venezuela oil tankers may have little impact on the global crude oil market, believes global real-time data and…

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'Shock like nothing they’ve ever seen': Trump orders naval blockade of Venezuelan oil tankers; escalates pressure on Maduro

‘Shock like nothing they’ve ever seen’: Trump orders naval blockade of Venezuelan oil tankers; escalates pressure on Maduro

US President Donald Trump announced Tuesday he is ordering a naval blockade of sanctioned oil tankers entering Venezuela, intensifying military pressure on Venezuelan leader Nicolas Maduro following last week’s US seizure of an oil tanker off Venezuela’s coast and amid an ongoing military buildup in the region.Trump made the announcement on his social media platform,…

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