OIL MARKETS

摘要

Following an accelerated decline in its crude production and a severe backlog of oil deliveries, Venezuela's PDVSA is contemplating force majeure on the country's oil exports if buyers refuse ship-to-ship transfers and lower contractual volumes, newswires have reported. The fall in Venezuela's oil exports has dented crude tanker employment in the region, though robust US and Brazilian oil exports have helped to partially fill the gap.