Venezuelan crude prices to Chinese independent refineries surge as Western traders emerge

The price of Venezuelan Merey crude to China’s independent refineries has surged as Western trading houses entered the market with US sanctions exemption, despite available cargoes for the sector expected to sustain for three-four months of consumption, Shandong-based refining and trade sources told Platts, part of S&P Global Energy, Jan. 27. The Merey crude barrels, which come withThe price of Venezuelan Merey crude to China’s independent refineries has surged as Western trading houses entered the market with US sanctions exemption, despite available cargoes for the sector expected to sustain for three-four months of consumption, Shandong-based refining and trade sources told Platts, part of S&P Global Energy, Jan. 27. The Merey crude barrels, which come withRead More