US Actions on Venezuela's Oil Threaten Global Shadow Economy

1 min read
Source: Yahoo Finance
US Actions on Venezuela's Oil Threaten Global Shadow Economy
Photo: Yahoo Finance
TL;DR Summary

Despite U.S. sanctions and the seizure of a Venezuelan tanker, China's oil imports from Venezuela are expected to rise due to existing high volumes, discounts, and ample supplies from Russia and Iran, which mitigate the near-term impact of the disruptions.

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