Latin America Looks Toward Oil Cargo Sitting Offshore Venezuela

Latin American countries that import U.S. fuel cargoes, mostly
from the Gulf Coast, are scrambling to find alternatives to U.S.
shipments after Hurricane Harvey battered Texas and Louisiana,
leading to massive flooding at refineries, and disruptions at port
operations. Regular Latin American buyers of U.S. fuel such as
Mexico, Brazil, and Colombia are now eyeing a fleet of two dozen
tankers loaded with some 7 million barrels of fuel that have been
sitting off the Venezuelan coast for weeks, Reuters reports, citing
trading and shipping sources.…

Latin American countries that import U.S. fuel cargoes, mostly
from the Gulf Coast, are scrambling to find alternatives to U.S.
shipments after Hurricane Harvey battered Texas and Louisiana,
leading to massive flooding at refineries, and disruptions at port
operations. Regular Latin American buyers of U.S. fuel such as
Mexico, Brazil, and Colombia are now eyeing a fleet of two dozen
tankers loaded with some 7 million barrels of fuel that have been
sitting off the Venezuelan coast for weeks, Reuters reports, citing
trading and shipping sources.…