Home » Latest News » Venezuela is losing its best oil buyer

Venezuela is losing its best oil buyer

Venezuelan president Nicolas Maduro said this week that PdVSA is willing to retaliate against financial sanctions from the U.S. by suspending oil exports to the country, sending crude to Asia instead. This seems highly unlikely, given that the U.S. is one of its largest cash-paying customers. China is PdVSA’s largest customer in Asia, but it doesn’t receive […]