US Edition
US Energy Mogul Sargeant III Poised to Reshape Venezuelan Oil Trade with China
5 Articles
5 Articles
Venezuela Oil Shipment Booked for China as US Sanctions Ease
(Bloomberg) — A company backed by US energy magnate Harry Sargeant III has moved to export Venezuelan crude to Asia as US sanctions ease, with oil prices soaring to near $100 a barrel amid escalating turmoil in the Middle East.
Venezuelan crude re-opens its way to the Chinese market at a time of strong global tension over the war in Iran and with oil prices approaching US$100 per barrel. A company backed by U.S. energy tycoon Harry Sargeant III has begun exporting Venezuelan oil to Asia after [...] The Venezuelan Crudo ticket returns to China was first published in Information Focus.
North American Blue Energy Partners Inc. is loading nearly 1 million barrels for delivery in China, according to a document seen by Bloomberg.
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