Archive · 14 Dec 2025
Venezuela's Oil Exports Fall Amid US Sanctions
Venezuela's oil exports have dropped a lot because the US took a tanker full of oil and put new rules on ships that do business with Venezuela.
The US says the tanker they took was already under sanctions since 2019.
Only Chevron, an American oil company, is still allowed to take Venezuelan oil to the US.
Other tankers with about 11 million barrels of oil are stuck in Venezuelan waters.
Venezuela is upset and says the US is stealing their oil.
The US is planning to stop more ships with Venezuelan oil.
There have been fights between the US and Venezuela, with the US doing military strikes in the area.
Brazil's president talked to Venezuela's leader to ask for peace.
It's a very tense situation.
Venezuela's oil exports have fallen sharply due to US sanctions and the seizure of a tanker.
The US seized the Skipper tanker, which was under sanctions since 2019, marking a rise in tensions.
Only Chevron is allowed to export Venezuelan oil to the US under special authorization.
About 11 million barrels of oil are stuck in Venezuelan waters due to the sanctions.
Venezuela has condemned the seizure, calling it theft and piracy, and plans to file complaints.
- Who
- Venezuela, US, Chevron, Guyana
- What
- Seizure of Venezuelan oil tanker, fall in oil exports, US sanctions, military strikes
- When
- This week, 2019
- Where
- Caribbean, Venezuela, Guyana, Houston
- Why
- US sanctions on Venezuelan oil shipments, tensions between US and Venezuela
- Tanker Seized
- Skipper
- Sanctions Imposed
- 2019
- Oil Exports Affected
- Chevron
- Oil Stuck in Waters
- 11 million barrels
- US Military Strikes
- 20
- Deaths in Strikes
- 90
- Countries Involved
- Venezuela, US, Guyana
