Venezuela’s oil exports rose in June via Malaysia trans-shipments

 Venezuela’s oil exports inched higher in June, boosted by cargoes to Asia and expanded sales of upgraded crude, data from state-run oil firm PDVSA and tanker monitoring showed, as the nation rushed to deliver crude to China ahead of an import tax. Traders last month raced to discharge in China record imports of Venezuelan crude masked as Malaysian bitumen blends ahead of a June 12 tax that raised import costs by at least 40% for several types of fuel. By Marianna Parraga. Full Text -> Reuters

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