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Vitol Group is offering Venezuelan crude to Chinese buyers at a discount of approximately $5 per barrel relative to ICE Brent. This move tests the Asian market’s demand for the South American heavy, sour crude, likely influenced by current geopolitical factors and pricing strategies. The discount aims to make the原油 attractive to refineries in China, which have the capacity to process such grades, potentially reshaping trade flows in the region. (69 words)
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