China’s Venezuelan Oil Imports Set to Drop Sharply
New supply data shows Venezuelan crude shipments bound for China are collapsing
after U.S. enforcement limited tanker departures. Since mid-December, only a handful of crude and fuel oil cargos have made it toward China under the current
blockade, with total expected volumes for February sinking to around 166,000 barrels per day a steep decline from the roughly
642,000 bpd China took on average in 2025.
Reuters +1
Chinese independent refiners may feel the impact most, though large inventories built in late 2025 are cushioning short-term
disruptions. Market participants are now watching how refiners adjust feedstock sources as Venezuelan flows shrink and
global energy trade patterns shift.
Hydrocarbon Processing