Venezuela oil exports to China slump, may hit lowest in 8-years

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Venezuela oil exports to China slump, may hit lowest in 8-years

16 June 2018, Beijing/Singapore/New Delhi — China’s imports of Venezuelan crude oil could sink to their lowest in nearly eight years in July as the OPEC producer struggles with shrinking output and mounting logistics issues, according to people familiar with the matter and shipping data. State-controlled PetroChina expects June loadings from Venezuela, mainly the Merey …

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