“China currently depends on Venezuela for something like 4% of its total crude consumption.”
If the U.S. succeeds in blocking China from accessing Venezuelan oil, China will have to look elsewhere, potentially putting pressure on prices, says The Times’s business and markets commentator Ian King.
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Venezuela oil grab: Trump’s plan to squeeze China
Commentary and Video
“China currently depends on Venezuela for something like 4% of its total crude consumption.”
If the U.S. succeeds in blocking China from accessing Venezuelan oil, China will have to look elsewhere, potentially putting pressure on prices, says The Times’s business and markets commentator Ian King.
Join this channel to get access to perks –
https://www.youtube.com/channel/UCTjDhFuGXlhx9Us0gq0VK2w/join
📻 Listen to Times Radio – https://www.thetimes.co.uk/radio
🗞 Subscribe to The Times https://www.thetimes.co.uk/subscribe/radio-3for3/
📲 Get the free Times Radio app https://www.thetimes.co.uk/radio/how-to-listen-to-times-radio/app
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Amnon J. Jobi is sole Editor in Chief at The Daily Reformer®. He writes like it is 1998.
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