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Venezuela Sends First Direct Crude Cargo to U.S. Under 50‑Million‑Barrel Deal

U.S. licenses under a new pact reopened Venezuelan barrels to the Gulf Coast through authorized traders.

Caracas retoma exportaciones directas de crudo a Estados Unidos
El crudo Merey llega a la costa del Golfo de México en un buque de Trafigura. Foto: Ilustrativa hecha con IA.
Venezuela envía a Estados Unidos el primer buque con un millón de barriles de crudo pesado

Overview

  • The tanker Gloria Maris departed Jose on Jan. 25 with about 1 million barrels of Merey crude bound for the Louisiana Offshore Oil Port, the first direct U.S. shipment under the agreement.
  • Vitol and Trafigura gained U.S. licenses this month and have moved roughly 10–11 million barrels to date, with earlier loads routed via Caribbean storage hubs.
  • A second vessel, the Volans, sailed with approximately 450,000 barrels to Bullen Bay in Curaçao, according to LSEG shipping data.
  • U.S. officials say about $500 million from initial sales went into a special fund, while Venezuela reported $300 million credited to its accounts.
  • Traders are preparing fuel oil and LPG exports, with the Chrysopigi Lady approaching Jose to load LPG, as Venezuela works through more than 40 million barrels in storage that constrain a production rebound.