Venezuela faces demands for big oil discounts and contract changes after tanker seizure

Venezuela faces demands for big oil discounts and contract changes after tanker seizure

Venezuela's oil customers, including Chinese refiners, are demanding deeper discounts and changes to spot contracts from state-run company PDVSA.

Venezuela faces demands for big oil discounts and contract changes after tanker seizure

Venezuela's oil customers, including Chinese refiners, are demanding deeper discounts and changes to spot contracts from state-run company PDVSA, following the U.S. seizure of a ship carrying the OPEC country's crude, traders and sources said.

PDVSA Faces Stuck Cargos, Rising Discounts, and Contract Change Demands

Venezuela's state-run company PDVSA is dealing with stuck oil cargoes, rising price discounts and demands from customers to change terms of spot contracts following the U.S. seizure of a ship carrying the OPEC country's crude, traders and sources…