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flag Venezuela stores oil offshore due to sanctions and seized ships, while global supply pressures drive down prices.

flag Venezuela is using offshore tankers to store crude as onshore facilities fill, due to U.S. sanctions and seized ships, with PDVSA producing around 1.1 million barrels per day amid rising inventories. flag U.S. Coast Guard actions targeting a "shadow fleet" have stranded multiple cargoes, while Chevron continues exports under a special deal. flag Russia’s oil output remains stable in 2025 despite drone attacks, but refining and gas production face pressure, leading to a growing crude surplus and falling prices as export demand weakens.

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