Venezuela’s PDVSA has started asking spot market buyers of its crude oil to pay in advance for the shipments after several recent payment defaults, Reuters has reported, citing several unnamed sources familiar with the situation. The changes and negotiations over the advanced payments have caused some delays to vessels departing the country, contributing to a build-up of crude oil stocks that are overtaxing Venezuela’s blending facilities—a necessary step in transforming the country’s extra-heavy crude to something exportable.…
Hence then, the article about crude exports disrupted as venezuela begins asking for advance payments was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Crude Exports Disrupted As Venezuela Begins Asking For Advance Payments )