China Nears End of Cheap Venezuela Oil as Last Tankers Head East

The last tankers carrying sanctioned Venezuelan crude to Asia are set to arrive in the coming days, effectively drawing to a close China’s easy access to a source of cheap...

By Rong Wei Neo · Bloomberg Markets

The last tankers carrying sanctioned Venezuelan crude to Asia are set to arrive in the coming days, effectively drawing to a close China’s easy access to a source of cheap oil that has helped sustain its refining sector.