💥 BREAKING: 🇨🇳 China Buys Venezuelan Oil From U.S. Stocks — Bloomberg Reports 🛢️
China has purchased some Venezuelan crude oil that was bought earlier by the United States**, U.S. Energy Secretary **Chris Wright** said — marking a significant shift in global oil flows amid Washington’s expanded role in Venezuela’s energy sector.
Wright confirmed that China has already acquired **some Venezuelan oil previously purchased and managed by the U.S. government**. He said legitimate deals with Chinese firms under fair market conditions are acceptable, even as the U.S. works to revive Venezuelan oil production and export capacity following the capture of Nicolás Maduro and new licensing policies.
China is the world’s **largest crude importer** and historically one of Venezuela’s biggest buyers, though U.S. military intervention and sanctions changes have disrupted traditional flows. Before these shifts, Chinese refiners purchased Venezuelan crude at deep discounts; U.S. control of exports now means some shipments originally destined for other buyers are being resold. This dynamic reflects broader geopolitical competition for energy influence and market access.
This development may affect **global crude pricing, trade flows, and refinery feedstock strategies**. Traders should watch **Brent & WTI futures, Chinese import data, and OPEC member supply changes** for signs of shifting demand and pricing pressures as Venezuela’s output and export patterns evolve.
