Tensions between Venezuela and Guyana pose a potential threat to tanker shipping, particularly impacting the oil-rich Essequibo region. With Guyana's growing crude exports and projections to double by 2025, an invasion by Venezuela could lead to reduced oil production, reimposed sanctions on Venezuela, and the withdrawal of international oil companies from Guyana. The conflict may negatively affect around 11% of regional exports, impacting the tanker market. Additionally, the situation could tighten the Atlantic market and disrupt VLCC cargoes, presenting a double negative for mainstream tanker demand.

SOURCE:GOOGLE