Venezuela's ageing oil ports bottleneck exports despite rising output
Venezuela's crumbling port terminals are capping crude exports at 1.25 million barrels per day despite higher production, with tankers facing up to 30-day delays due to ageing infrastructure, power outages, and quality issues. The infrastructure bottleneck is complicating U.S. efforts to quickly boost Venezuelan oil exports and creating disputes over demurrage costs.
21 August 2026 · Joy Online →