Venezuela Oil Lines Up Off China

Officially, China hasn’t imported any Venezuelan crude since September after Washington sanctioned state entities including Petróleos de Venezuela, S.A. Information from data intelligence firm Kpler, however, signals the Asian nation is still buying, with as much as 3.3 million barrels waiting off the Chinese coast as of June 15 and another 5 million en route to the port of Qingdao. It remains unclear, however, if all of these shipments will eventually end up in China. Full Text->Rigzone

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