Venezuela's dilapidated oil terminals are limiting crude exports, with tankers waiting up to 30 days to load due to aging infrastructure, power outages, and quality issues. The delays threaten a U.S. plan to boost exports following a pact with trading firms, which have shipped over 140 million barrels this year. Exports have struggled to surpass 1.25 million bpd recently.
Venezuela's aging ports cap oil exports as tankers wait 30 days
Source: Reuters