Oil loading slows at Venezuela’s ports amid US tariffs, license termination, knowledge exhibits

(Reuters) – Loading of Venezuela’s heavy crude at its predominant oil ports slowed this week after the administration of U.S. President Donald Trump printed an government order imposing a 25% tariff on commerce with nations shopping for the South American nation’s oil, in keeping with transport knowledge and an organization doc.

The termination of a key license for Chevron to function in Venezuela in late May has diminished the variety of vessels chartered by the corporate ready to load in Venezuelan waters, the info confirmed.

(Reporting by Marianna Parraga; Enhancing by Chris Reese)