CNPC Backs Out Of Oil Purchases With Venezuela On Sanctions Scare

Russia and China have stuck with Venezuela during its most recent time of need, but at least one of their loyalties may soon come to an end, according to anonymous sources who spoke to Bloomberg on Friday. CPNC’s PetroChina has canceled loading plans in August that would have seen 5 million barrels of Venezuelan oil, the sources said, as the United States continues to squeeze Venezuela to loosen Nicolas Maduro’s hold on the troubled Latin American Country. Maduro has precious few allies left, and until recently, China has been a devoted…

CNPC Backs Out Of Oil Purchases With Venezuela On Sanctions Scare

Russia and China have stuck with Venezuela during its most recent time of need, but at least one of their loyalties may soon come to an end, according to anonymous sources who spoke to Bloomberg on Friday. CPNC’s PetroChina has canceled loading plans in August that would have seen 5 million barrels of Venezuelan oil, the sources said, as the United States continues to squeeze Venezuela to loosen Nicolas Maduro’s hold on the troubled Latin American Country. Maduro has precious few allies left, and until recently, China has been a devoted…

CNPC Backs Out Of Oil Purchases With Venezuela On Sanctions Scare

Russia and China have stuck with Venezuela during its most recent time of need, but at least one of their loyalties may soon come to an end, according to anonymous sources who spoke to Bloomberg on Friday. CPNC’s PetroChina has canceled loading plans in August that would have seen 5 million barrels of Venezuelan oil, the sources said, as the United States continues to squeeze Venezuela to loosen Nicolas Maduro’s hold on the troubled Latin American Country. Maduro has precious few allies left, and until recently, China has been a devoted…

CNPC Backs Out Of Oil Purchases With Venezuela On Sanctions Scare

Russia and China have stuck with Venezuela during its most recent time of need, but at least one of their loyalties may soon come to an end, according to anonymous sources who spoke to Bloomberg on Friday. CPNC’s PetroChina has canceled loading plans in August that would have seen 5 million barrels of Venezuelan oil, the sources said, as the United States continues to squeeze Venezuela to loosen Nicolas Maduro’s hold on the troubled Latin American Country. Maduro has precious few allies left, and until recently, China has been a devoted…

CNPC Backs Out Of Oil Purchases With Venezuela On Sanctions Scare

Russia and China have stuck with Venezuela during its most recent time of need, but at least one of their loyalties may soon come to an end, according to anonymous sources who spoke to Bloomberg on Friday. CPNC’s PetroChina has canceled loading plans in August that would have seen 5 million barrels of Venezuelan oil, the sources said, as the United States continues to squeeze Venezuela to loosen Nicolas Maduro’s hold on the troubled Latin American Country. Maduro has precious few allies left, and until recently, China has been a devoted…

Platts: Slumping Car Sales Weaken China’s Appetite For Gasoline, Petchems

Weakening Chinese car sales and slowing economic growth weigh on China’s demand growth of key oil products such as gasoline and petrochemicals, S&P Global Platts Analytics says. China’s new car sales slumped by 4.3 percent year on year in July, dropping for 13 months in a row beginning in July 2018, according to data from the China Association of Automobile Manufacturers (CAAM) cited by Nikkei Asia Review. Car sales in China are on track for their worst year in history and on course to book a double-digit decline this year, according…

Platts: Slumping Car Sales Weaken China’s Appetite For Gasoline, Petchems

Weakening Chinese car sales and slowing economic growth weigh on China’s demand growth of key oil products such as gasoline and petrochemicals, S&P Global Platts Analytics says. China’s new car sales slumped by 4.3 percent year on year in July, dropping for 13 months in a row beginning in July 2018, according to data from the China Association of Automobile Manufacturers (CAAM) cited by Nikkei Asia Review. Car sales in China are on track for their worst year in history and on course to book a double-digit decline this year, according…

Platts: Slumping Car Sales Weaken China’s Appetite For Gasoline, Petchems

Weakening Chinese car sales and slowing economic growth weigh on China’s demand growth of key oil products such as gasoline and petrochemicals, S&P Global Platts Analytics says. China’s new car sales slumped by 4.3 percent year on year in July, dropping for 13 months in a row beginning in July 2018, according to data from the China Association of Automobile Manufacturers (CAAM) cited by Nikkei Asia Review. Car sales in China are on track for their worst year in history and on course to book a double-digit decline this year, according…

Platts: Slumping Car Sales Weaken China’s Appetite For Gasoline, Petchems

Weakening Chinese car sales and slowing economic growth weigh on China’s demand growth of key oil products such as gasoline and petrochemicals, S&P Global Platts Analytics says. China’s new car sales slumped by 4.3 percent year on year in July, dropping for 13 months in a row beginning in July 2018, according to data from the China Association of Automobile Manufacturers (CAAM) cited by Nikkei Asia Review. Car sales in China are on track for their worst year in history and on course to book a double-digit decline this year, according…

CNPC Backs Out Of Oil Purchases With Venezuela On Sanctions Scare

Russia and China have stuck with Venezuela during its most recent time of need, but at least one of their loyalties may soon come to an end, according to anonymous sources who spoke to Bloomberg on Friday. CPNC’s PetroChina has canceled loading plans in August that would have seen 5 million barrels of Venezuelan oil, the sources said, as the United States continues to squeeze Venezuela to loosen Nicolas Maduro’s hold on the troubled Latin American Country. Maduro has precious few allies left, and until recently, China has been a devoted…