Venezuela’s largest oil buyer – China
May 1 (Reuters) – Venezuela’s oil exports fell almost 20% to some 700,000 barrels per day (bpd) in April, the lowest level in nine months, as cargo cancellations to U.S.-based producer Chevron (CVX.N), opens new tab forced ships to return and left some ports empty, ship tracking data and documents showed. Venezuela’s state-run company PDVSA last month suspended most of the loading windows it had assigned to Chevron and ordered the return of some oil cargoes bound for the U.S. amid payment uncertainty related to the enforcement of U.S. sanctions. I reckon if you asked the average man on the street what Venezuela’s … Continue readingVenezuela’s largest oil buyer – China