China, Venezuela
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Beijing’s reliance on discounted crude from Russia, Iran, and Venezuela is colliding with political reality, and the strains are starting to show.
Beijing’s moves bought it sway in Venezuela—all of it now subject to the Trump administration’s preferences in the wake of Maduro’s ouster.
By Siyi Liu SINGAPORE, Feb 2 (Reuters) - Chinese independent refiners are buying discounted Iranian heavy crude to replace Venezuelan shipments that have stalled after the U.S. claimed control of the OPEC producer last month,
Asharq Alawsat (English) on MSN
US Control of Venezuela Oil Risks Debt Restructuring Showdown with China
Riyadh: US control of Venezuela's oil exports has ensnared barrels that had been servicing debt to China, lining up another potential showdown between the two superpowers that could further complicate the South American country's path out of default.
Spikes in borrowing costs following a meltdown in Japanese bonds and a selloff in US Treasuries have prompted at least one Asian borrower to shelve plans to raise funds, underscoring how renewed volatility is rippling through credit markets.
China accused the United States on Monday of violating international law by seizing oil tankers off Venezuela, as Washington intensified pressure on President Nicolas Maduro's government and a senior US official openly suggested that he should be removed ...
President Donald Trump on Feb. 2 said he had agreed on a trade deal with India that slashes U.S. tariffs on Indian goods to 18 percent from