HOUSTON: More than 30 US-sanctioned oil vessels doing business in Venezuela could face punishment by Washington after the Coast Guard seized a supertanker carrying Venezuelan crude for export, according

The move is expected to create short-term export delays and could scare some vessel owners away. Read more at straitstimes.com. Read more at straitstimes.com.

Dec 11 : Oil rose for a second straight session on Thursday after the U.S. seized a sanctioned oil tanker off Venezuela’s coast, escalating tensions between the two countries and raising concern over further supply disruptions. Brent crude futures rose 27 cents, or 0.4 per cent, to $62.48 a barrel by 0101 G