Asia may have little to cheer from lifting of Venezuelan oil sanctions
October 30, 2023 Comments Off
Asia may have little to cheer following the lifting of the sanctions on Venezuelan oil as increased competition for those Latin American cargoes could potentially make it difficult for buyers like China and India to source incremental cargoes from the supplier, prompting them to look at the Middle East to fill the vacuum, analysts and sources said. While China’s independent…
Asia may have little to cheer from lifting of Venezuelan oil sanctions
Asia may have little to cheer following the lifting of the sanctions on Venezuelan oil as increased competition for those Latin American cargoes could potentially make it difficult for buyers like China and India to source incremental cargoes from the supplier, prompting them to look at the Middle East to fill the vacuum, analysts and sources said. While China’s independent…
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