One man's loss is another guy's gain.

[syed putra]

Chinese refiners expected to replace Venezuelan oil with Iranian crude, traders say​

By Siyi Liu and Florence Tan
January 8, 20268:00 AM GMT+8Updated 6 hours ago

A view inside Shandong Haike Group is seen in Dongying, Shandong province, China January 11, 2017. REUTERS/Aizhu Chen/File Photo Purchase Licensing Rights, opens new tab

• Summary

• Deal to ship Venezuela oil to US set to redirect oil flows
• Venezuelan oil used by China refiners, near-term demand covered
• Chinese independents likely to tap other sanctioned oil
• Offers for Venezuelan Merey crude from Chinese buyers rise this week

SINGAPORE, Jan 7 (Reuters) - Chinese independent refiners are expected to switch to heavy crude from sources including Iran in coming months to replace Venezuelan shipments halted since the U.S. removed the country's president, traders and analysts said.
Caracas and Washington agreed to export up to $2 billion worth of Venezuelan crude to the United States, President Donald Trump said on Tuesday, after U.S. forces captured Venezuelan President Nicolas Maduro over the weekend

 

[cockie]

Chinese refiners expected to replace Venezuelan oil with Iranian crude, traders say​

By Siyi Liu and Florence Tan
January 8, 20268:00 AM GMT+8Updated 6 hours ago

A view inside Shandong Haike Group is seen in Dongying, Shandong province, China January 11, 2017. REUTERS/Aizhu Chen/File Photo Purchase Licensing Rights, opens new tab

• Summary

• Deal to ship Venezuela oil to US set to redirect oil flows
• Venezuelan oil used by China refiners, near-term demand covered
• Chinese independents likely to tap other sanctioned oil
• Offers for Venezuelan Merey crude from Chinese buyers rise this week

SINGAPORE, Jan 7 (Reuters) - Chinese independent refiners are expected to switch to heavy crude from sources including Iran in coming months to replace Venezuelan shipments halted since the U.S. removed the country's president, traders and analysts said.
Caracas and Washington agreed to export up to $2 billion worth of Venezuelan crude to the United States, President Donald Trump said on Tuesday, after U.S. forces captured Venezuelan President Nicolas Maduro over the weekend

Than US would attack Iran next.. where ever China go, US would be following behind to hit the provider….