Skip to content
Options Trading Report

Options Trading Report

Primary Menu
  • Home
  • Business
  • Domestic
  • Economy
  • Money
  • Top News
  • Newsletters
  • Home
  • 2025
  • April
  • Tankers chartered by Chevron to move Venezuelan crude seek other business
  • Business

Tankers chartered by Chevron to move Venezuelan crude seek other business

Editor April 23, 2025
2025-04-23T150758Z_1_LYNXMPEL3M0U1_RTROPTP_4_CHEVRON-LOUISIANA-1

By Arathy Somasekhar

HOUSTON (Reuters) -Some tankers Chevron had chartered to move crude from Venezuela to the United States this month are now being marketed for spot contracts elsewhere, sources said, after state company PDVSA canceled loading permits and ordered the firm to return cargoes amid payment uncertainty related to sanctions.

The marketing of the vessels indicates that Chevron does not expect to load all the cargoes it typically ships from Venezuela in a month even if it eventually finds a way to resolve the disagreement with PDVSA.

Tanker Sea Dragon, which had discharged Venezuela’s Boscan heavy crude in Philadelphia, was being marketed by Agelef Maritime Services, two sources familiar with the matter said.

Chevron was marketing vessel Andromeda, which earlier this month discharged Venezuelan Hamaca crude at Port Arthur, the sources added.

At least six more tankers Chevron had chartered to carry Venezuelan crude to the U.S. in coming weeks as part of the wind down of its U.S. license through May 27 were stalled in the Caribbean Sea waiting for directions after PDVSA last week ordered two cargoes to be returned and canceled loading permits to others, cutting the deadline short.

As of Wednesday, Chevron-chartered tanker Dubai Attraction, which finished loading some 300,000 barrels of Venezuelan Boscan crude in early April, was still awaiting customs paperwork to return its cargo, according to ship tracking data and sources.

Carina Voyager, managed by a Chevron unit, was near Aruba after returning its 500,000-barrel cargo to PDVSA last week, LSEG shipping data showed.

Sea Jaguar’s loading window at Venezuela’s Jose terminal, originally scheduled for mid-April, was canceled by PDVSA, according to a document seen by Reuters. The ship was on Wednesday hovering around Aruba, according to tracking data.

PDVSA and Chevron did not reply to requests for comment.

Other tankers chartered by trading house Vitol were loading and discharging normally at Venezuelan ports, according to the data and documents, while vessels chartered by Reliance Industries for India delivery and Maurel & Prom for Europe departed on schedule, ahead of the May 27 deadline to wind down cargoes and operations.

(Reporting by Arathy Somasekhar in Houston; Editing by Franklin Paul)

Continue Reading

Previous: TSMC shows off new tech for stitching together bigger, faster chips
Next: Meta opens Threads to advertisers globally

Related Stories

2025-07-07T042911Z_3_LYNXMPEL6601M_RTROPTP_4_USA-TRUMP
  • Business

Trump says alignment with BRICS’ ‘anti-American policies’ to invite additional 10% tariffs

Editor July 7, 2025
2025-07-07T134257Z_1_LYNXMPEL660JP_RTROPTP_4_TESLA-STOCKS
  • Business

Tesla short sellers set to pocket about $1.4 billion in profits after stock slump

Editor July 7, 2025
2025-07-07T120320Z_1_LYNXMPEL660G6_RTROPTP_4_SAFRICA-ECONOMY
  • Business

Mercedes-Benz Q2 sales fall 9% impacted by tariffs

Editor July 7, 2025

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Want More Market News?
Add your email address below to get up to date market news and more!
By submitting the form you agree to the Privacy Policy of Options Trading Report and agree to receive our email updates and special offers. As a bonus, you will also get a free subscription to MTA Trade of the Day, Privacy Policy. You will receive special offers and advertisements from Options Trading Report and MTA Trade of the Day and our affiliates. You may unsubscribe at any time.

Search

Recent Posts

  • Apple takes fight against $587 million EU antitrust fine to court
  • Trump says alignment with BRICS’ ‘anti-American policies’ to invite additional 10% tariffs
  • Apple takes fight against $587 million EU antitrust fine to court
  • Tesla short sellers set to pocket about $1.4 billion in profits after stock slump
  • Trump to Brazil: ‘Leave Bolsonaro alone’

Categories

  • Business
  • Market News
  • Newsletters
  • Options
  • Reflections

You may have missed

  • Newsletters

Apple takes fight against $587 million EU antitrust fine to court

Editor July 7, 2025
2025-07-07T042911Z_3_LYNXMPEL6601M_RTROPTP_4_USA-TRUMP
  • Business

Trump says alignment with BRICS’ ‘anti-American policies’ to invite additional 10% tariffs

Editor July 7, 2025
2025-07-07T091954Z_3_LYNXMPEL660AS_RTROPTP_4_APPLE

Apple takes fight against $587 million EU antitrust fine to court

Editor July 7, 2025
2025-07-07T134257Z_1_LYNXMPEL660JP_RTROPTP_4_TESLA-STOCKS
  • Business

Tesla short sellers set to pocket about $1.4 billion in profits after stock slump

Editor July 7, 2025
  • Home
  • Terms of Service
  • Privacy Policy
  • Disclaimer
  • Contact Us
Copyright 2025 © All rights reserved | Options Trading Report | optionstradingreport.com