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After the Mideast disruption, Asia receives its first Mexican fuel oil shipment in 9 months.

Posted to Maritime Reporter on May 8, 2026

According to industry sources, and shipping data, Asia received its first cargo of fuel oil?from Mexico?in nine months?on Thursday. More cargoes are expected to follow. After the Strait of Hormuz conflict, which cut off fuel oil supplies to…

Trump broke OPEC. He may regret it: Bousso

Posted to Maritime Reporter on May 5, 2026

OPEC has been weakened more than anyone could have imagined just a few months ago by the military actions of U.S. president Donald Trump in Venezuela and Iran. White House may see this as a big win, but ultimately it could hurt both the U.S. energy markets and the U.S.

Trump broke OPEC. He may regret it: Bousso

Posted to Maritime Reporter on May 5, 2026

OPEC has been weakened more than anyone could have imagined just a few months ago by the military actions of U.S. president Donald Trump in Venezuela and Iran. White House may see this as a big win, but ultimately it could hurt both the U.S. energy market and the U.S.

Venezuelan oil exports reach highest level since 2018 with increased sales to US and India

Posted to Maritime Reporter on May 1, 2026

Venezuela's oil exports grew 14% in April to 1,23 million barrels per day, the highest level in over seven years. This was fueled by increased sales to India, Europe and the United States. Shipping data and documents provided by state-owned PDVSA were released on Friday.

Bousso

Posted to Maritime Reporter on April 28, 2026

The United Arab Emirates decision to leave OPEC is likely to have a dramatic impact on the producer group, which has been around for 65 years. It will also open the door to a price war when Gulf producers rush to regain their market share after the Iran conflict ends.

Bousso

Posted to Maritime Reporter on April 23, 2026

In the past decade, we have seen a rapid succession global energy crises, fueled by conflict, extreme weather and supply chain snarls. The highly fragmented oil and gas market of today is becoming more interconnected, and as the transition to a low-carbon economy accelerates…

Document says that Italy's ENI loaded Venezuelan heavy oil cargo bound to Europe.

Posted to Maritime Reporter on April 14, 2026

This week, oil and gas 'producer ENI?finished loading the first cargo of Venezuelan heavy?crude to reach Spain in nearly two years. Since Caracas and Washington agreed on a landmark supply deal in January, trading?houses such as Trafigura, Vitol…

Documents and data indicate that India's Reliance Oil buys Venezuelan crude oil directly from PDVSA

Posted to Maritime Reporter on April 6, 2026

According to a document from the company and data about shipping, on Monday, an Indian refiner Reliance Industries unit commenced loading a cargo of Venezuelan crude oil that was 'directly purchased from state-run energy company PDVSA. Caracas…

Shipping data shows that Venezuelan oil exports have exceeded 1 million barrels per day for the first time in six months.

Posted to Maritime Reporter on April 1, 2026

According to data from ship tracking, Venezuelan monthly 'oil exports' surpassed 1 million barrels per a day for the first since September. Sales to refiners and trading houses in India, as well as shipments to the Caribbean by trading companies for storage, pushed up the volumes.

US increases fuel exports to Cuban private sector

Posted to Maritime Reporter on March 25, 2026

According to documents and data on shipping, U.S. suppliers shipped approximately 30,000 barrels of fuel this year to Cuba's private industry. This suggests a Trump administration plan to give the private sector a boost over state-run enterprises is in full swing.

Japan's oil refiners are looking to North America as a crude supply source

Posted to Maritime Reporter on March 23, 2026

Japan Petroleum Association President Shunichi Kito said on Monday that North America was a potential source of alternative crude oil for Japanese refiners. Ecuador, Colombia, and Mexico were also considered as options. Oil buyers around the…

Oil tanker seized by US in Venezuela to transfer crude oil to smaller vessel

Posted to Maritime Reporter on March 11, 2026

Ship tracking data reveals that an oil tanker, seized by the United States for carrying Venezuelan crude oil, is going to 'transfer' the crude oil to a smaller vessel near the Texas coast which can then take it to shore. Last month, the United…

Data shows that Venezuelan oil exports dropped 6.5% in February due to the loss of Chinese markets.

Posted to Maritime Reporter on March 3, 2026

Venezuelan oil exports 'fell 6.5% from a month ago to'some 737,000 barges per day' as more shipments into the 'United States' and 'Europe' 'couldn't fully offset the 'loss' of what used to be OPEC's main market - China', according to documents and vessel monitoring data from the state company PDVSA.

Motiva purchases cargoes of Venezuelan heavy crude oil for delivery in March; first purchase made since 2019

Posted to Maritime Reporter on February 26, 2026

Sources familiar with the transaction said that Saudi Aramco’s U.S. Trading division purchased a cargo?of Venezuelan Boscan heavy crude for delivery in March, marking its first purchase of this heavy crude suitable for asphalt production. One…

Bousso: Geopolitical turmoil provides OPEC+ with cover to increase production cautiously.

Posted to Maritime Reporter on February 26, 2026

OPEC+ will meet on Sunday to decide its next production step amid increased geopolitical tensions that affect nearly a third?of?its output. This volatility could give the group the cover it needs to maintain its narrative of a balanced market, even though the facts in the field suggest otherwise.

Venezuela prepares larger oil cargoes to export and targets India

Posted to Maritime Reporter on February 24, 2026

Four sources and shipping data indicate that buyers and trading houses of Venezuelan oil chartered the very large crude carriers to export the South American nation?since the Caracas-Washington deal was signed. This move will boost deliveries to India.

Venezuela prepares larger oil cargoes to export, targets India

Posted to Maritime Reporter on February 24, 2026

Sources and data indicate that trading houses and buyers of Venezuelan oil chartered the very large crude carriers to export from the South American nation since the Caracas-Washington deal was signed. This is expected to increase shipments to India and speed up the process starting in March.

Shipping schedule states that a tanker from Cuba has finished loading gasoline in Venezuela.

Posted to Maritime Reporter on February 6, 2026

A shipping schedule seen by shows that an oil tanker which has been transporting Venezuelan fuel - to Cuba since April 'last year- finished 'loading this week a 150,000 barrel cargo of gasoline. This could be a sign that Venezuela is preparing to ship supplies -to the island, under U.S. oversight.

US refiners struggle with sudden surge of Venezuelan oil imports

Posted to Maritime Reporter on February 4, 2026

According to traders and shipping data, oil refiners in the U.S. Gulf Coast struggle to absorb the rapid increase of Venezuelan crude since last month's $2 billion deal between Caracas & Washington. This has pushed up prices and left some volumes unsold.

US refiners struggle with sudden surge of Venezuelan oil imports

Posted to Maritime Reporter on February 4, 2026

According to traders and shipping information, oil refiners in the U.S. Gulf Coast struggle to absorb an influx of Venezuelan crude since last month's $2 billion deal, which was a "flagship" agreement between Washington and Caracas. This has pushed up prices and left some volumes unsold.
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