China Is Importing Its Last Ultra-Cheap Sanctioned Venezuelan Oil
Market Intelligence Analysis
AI-PoweredChina is set to receive its last shipment of ultra-cheap, sanctioned Venezuelan oil, marking the end of such imports from Venezuela.
Market impact analysis based on bearish sentiment with 70% confidence.
Article Context
The last tankers that loaded sanctioned Venezuelan oil before the U.S. blockade and the ousting of Nicolas Maduro are set to arrive in China in the coming days in what would be the end of the Chinese imports of super cheap crude from Venezuela. Two tankers carrying a total of 3.8 million barrels of Venezuelan crude, exported under Maduro, are currently en route east of the Cape of Good Hope, according to tanker-tracking data from Vortexa and Kpler, quoted by Bloomberg. These will likely carry the last sanctioned, and very cheap, Venezuelan…
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