US Edition6 Articles
6 Articles
The U.S. House Select Committee on Strategic Competition with the Chinese Communist Party said that the oil tanker seized by the U.S. last week in waters near Venezuela has direct ties to China. The committee is requesting the U.S. administration to review a Chinese-controlled oil tanker allegedly linked to the seizure and to consider sanctions against its operators.
Until this week, more than 11 million barrels of Venezuelan oil were reported to be jammed in ships awaiting departure
Chevron cuts Venezuelan oil prices after U.S. seizes tanker
Chevron has lowered prices for Venezuelan crude sold to U.S. refiners after a tanker seizure in the Caribbean added pressure to an already weak Gulf Coast market. The move comes amid heightened U.S. enforcement actions and softer global oil prices.
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