Chinese Oil Firms Turn To Iran To Replace Venezuelan Crude

From ZeroHedge

Via The Cradle China’s teapot refiners are buying discounted Iranian crude to replace the loss of supplies from Venezuela following Washington’s violent takeover of the South American nation’s oil, Reuters reported Monday. “The drawdown of Iranian oil held in storage is making up for the drop in Venezuelan […]

Feb 3rd 2026 7:20am EST

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