Retrieved from Oil Price
The reason inventories are on the rise is, once again, U.S. sanctions against Caracas. These have made buyers reluctant to risk importing Venezuelan oil now that a grace period is expiring for several commodity trading companies that Washington had allowed to continue buying Venezuelan oil for a while. The companies include Spain’s Repsol and Italy’s Eni, as well as Thai Tipco Asphalt. By Irina Slav. Full Text -> OilPrice
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