U.S. and China Clash Over Venezuela Amid Shifting Global Alliances
TL;DR
Chinese buyers are avoiding Venezuelan crude due to US sanctions, leading to higher offers and reduced exports, with Venezuela's Merey crude offered at a smaller discount compared to previous months, while Chinese demand remains subdued amid ample supplies and floating storage of sanctioned oil.
- Venezuelan Oil Shunned by China as Offers Get More Expensive Bloomberg.com
- Opinion | Donald Trump Was Right to Oust Maduro The New York Times
- America’s raid on Venezuela reveals the limits of China’s reach The Economist
- Trump’s stunning shift on ‘America First’ CNN
- Venezuela operation magnifies Pentagon's shift west — and away from China Politico
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