Venezuelan oil exports to China fall sharply under US blockade pressure
Washington’s blockade on vessels transporting Venezuelan oil drastically reduces flows to China, Caracas’ main buyer. Only three shipments have passed through since mid-December.
| Countries | Chine, États-Unis |
|---|---|
| Companies | PDVSA, CNPC, Trafigura, Vitol, Kpler |
| Sector | Pétrole |
| Theme | Marchés & Finance |
Chinese imports of Venezuelan oil are expected to decline sharply starting in February. Since the United States imposed a blockade in December, the number of tankers leaving Venezuela for China has dropped. Washington seized five Venezuela-linked vessels, prompting several shipowners to turn back or remain in Venezuelan waters after loading to avoid seizure.
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