Almost every day, an oil tanker arrives off the coast of Guyana to pick up a cargo that could reach a buyer practically anywhere on the planet. The stream of shipments is all the more remarkable ...
Despite exporting less than 1% of the world's supply of oil, Venezuela has been a key focal point in the energy market for decades. Why? Because the country claims to have the largest reserves of ...
Any U.S.-led revival of Venezuelan oil production would take years and heavy investment, but could still weaken oil prices and OPEC+ leverage. Russia, Iran, and China all risk losing economic and ...
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China's Crude Hoarding Is Propping Up Oil Prices
Crude imports hit record highs, with December stockpiling estimated at 2.67 million bpd-the fastest pace since 2020-as ...
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