Chevron Lines Up 11 Ships as Venezuela’s Dark Fleet Vanishes

<p>Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.<br /><br />A small fleet of ships booked by Chevron Corp. is sailing to Venezuela as the company emerges as the only exporter of the country&rsquo;s oil following the ouster of President Nicolas Maduro by US forces.<br />Chevron is poised to export more Venezuelan oil this month than last, with at least 11 ships scheduled to arrive in the Venezuelan government-controlled ports of Jose and Bajo Grande, according to preliminary data compiled by Bloomberg.<br /><br />All eyes are on the Houston-based company to see if it will begin shipping out more Venezuelan crude after US President Donald Trump said he wanted &ldquo;total access&rdquo; to the country&rsquo;s vast reserves. Chevron is the only Western firm allowed to produce and export crude oil in Venezuela amid American sanctions and it operates under a license granted by the Treasury Department. It is responsible for nearly 25% of the nation&rsquo;s production and oversees the crude through delivery to fuel-makers in the US Gulf and East Coast markets.<br /><br />Today's show features:</p> <ul> <li>Peter Tchir, Head of Macro Strategy at Academy Securities, on the market impact of the US military action in Venezuela and removal of Nicolas Maduro</li> <li>Bloomberg News Cross-Asset Reporter Denitsa Tsekova and Bloomberg News Financial Regulation Reporter Lydia Beyoud on the Bloomberg Big Take on the prediction market boom</li> <li>David Royal, Chief Financial &amp; Investment Officer at Thrivent, on the 2026 investing outlook, the oil market, and the situation in Venezuela</li> <li>Christina Lee, Co-portfolio Manager for US Private Debt strategy at Oaktree Capital Management, on the M&amp;A outlook and key credit market trends to watch</li> </ul><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>