Venezuela Spot Oil Sales Snarled by Surging Freight Costs

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The commercialization of spot cargoes of Venezuelan oil programmed for delivery in October is paralysed due to a dizzying increase in sea freight. The logistics situation has substantially increased the final rate of delivery to the refineries of the United States, reducing the competitiveness of the national hydrocarbon against the Canadian supply. [...] The entry How does the increase of sea freight affect the price of Venezuelan oil in the Un…

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The market has entered a period of increased geopolitical premium, higher transportation costs and greater uncertainty around the actual quantities of oil available.

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www,finanzasdigital.com The spot sales of Venezuelan oil scheduled for shipment in October have stagnated after the sharp increase in the costs of shipping,... The post Alza in the marine freights slows the spot sales of Venezuelan crude to the US appeared first on Digital Finance.