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US Sells Venezuela-Linked Tanker Seized After High-Seas Chase

Geopolitics & WarSanctions & Export ControlsEnergy Markets & PricesLegal & Litigation

The US government has sold a Venezuela-linked oil tanker seized by the Coast Guard in January following a chase across the Atlantic. The buyer said the sale clears the way for the dark-fleet ship to be demolished. The development is largely regulatory/legal in nature and is not expected to materially move broader energy prices.

Analysis

The US government has sold a Venezuela-linked oil tanker seized by the Coast Guard in January following a chase across the Atlantic. The buyer said the sale clears the way for the dark-fleet ship to be demolished. The development is largely regulatory/legal in nature and is not expected to materially move broader energy prices.

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