Dec 18 - Venezuela on Thursday authorized two very large crude carriers (VLCC) to set sail for China, according to two sources familiar with ‍Venezuela's ​oil export operations. They would be only ‍the second and third supertankers to depart the country since the U.S. ​seized ​a ship carrying Venezuelan oil last week. Read more at straitstimes.com. Read more at straitstimes.com.

The seizure ‍of the sanctioned oil tanker has sharply escalated tensions between ​Washington and Caracas. Read more at straitstimes.com. Read more at straitstimes.com.