Greece-flagged vessel chartered to load Venezuelan crude oil

Five tankers carrying a total of nearly 3 million barrels of diesel fuel are on their way to Europe from India and East Asia. Demand for diesel fuel is spiking across the continent as a cheaper substitute for natural gas. More cargoes are expected from the Middle East in very large crude carriers (VLCCs) that can transport upward of a million barrels each. [SHUTTERSTOCK]

A Greece-flagged vessel is among two tankers chartered by Chevron Corp to load Venezuelan heavy crude at the South American country and should depart in coming days for the United States, according to shipping documents and sources.

Amalthea is loading some 250,000 barrels of Boscan crude at the Bajo Grande terminal while the Bahamas-flagged Caribbean Voyager is scheduled to load 500,000 barrels of Hamaca crude at the Jose port this week, the documents showed.

The vessels will carry Chevron's fifth and sixth cargoes of Venezuelan crude since the US Treasury Department in November authorized the company to reanimate and expand operations in the sanctioned country.

Tankers Kerala, Sealeo, Carina Voyager and ICE Fighter set sail earlier this month for Chevron's Pascagoula, Mississippi, refinery and plants in Freeport and Corpus Christi, Texas, according to...

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