China’s Imports of Venezuelan Oil Set to Crumble

China is expected to see a plunge in imports of oil from Venezuela in February as the now month-long U.S. blockade has prevented many China-bound cargoes from leaving Venezuelan waters.   The deliveries of crude and fuel oil from Venezuela to China in February are estimated at just 166,000 barrels per day, as just 5 million barrels of Venezuelan crude and fuel oil have managed to leave the South American country in recent weeks, analysts and traders tell Reuters.  To compare, Venezuela’s exports of combined crude and fuel oil…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com