Leading Chinese Buyer of Venezuela Crude Bids for Canada Barrels

One of China’s largest regular buyers of Venezuelan crude is making bids for Canadian cargoes as a replacement, after US intervention in the Latin American country upended global flows and...

By Robert Tuttle, Rong Wei Neo · Bloomberg Markets

One of China’s largest regular buyers of Venezuelan crude is making bids for Canadian cargoes as a replacement, after US intervention in the Latin American country upended global flows and lifted prices.