Tankers carrying as much as 7 million barrels of Venezuelan heavy crude are sitting in the Gulf of Mexico awaiting some semblance of clarity on how the situation in the South American country will develop after the latest round of sanctions imposed on Caracas by Washington and targeting specifically state oil company PDVSA. Reuters cites shipping data and industry sources as saying some tankers are being put on hold because their cargoes were bought before the sanctions were imposed while others were idling in the ocean because buyers were not…
