The Chinese Market Becomes Venezuela’s Last Resort - China is shaping up to be Venezuela’s last resort of exporting crude oil as the tightening US sanctions regime that will see oil firms active in the Latin American country wind down operations by April 3. - Trump extended Chevron’s deadline to halt all operations in Venezuela by almost two months to May 27, simultaneously slapping a 25% tariff on any country that would continue buying volumes from PDVSA. - Thanks to Chevron’s crucial role in boosting diluent availability…
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