China’s independent refineries to face competition as Venezuela gets partial sanctions relief

China’s independent refineries are bracing for intense competition for limited Venezuelan crude supplies as the partial easing of sanctions on oil and mining sectors by Washington is expected to whet the appetite of importers across the globe, trading and refining sources told S&P Global Commodity Insights on Oct. 19. In addition, China’s state-run oil giant PetroChina is expected to return… China’s independent refineries are bracing for intense competition for limited Venezuelan crude supplies as the partial easing of sanctions on oil and mining sectors by Washington is expected to whet the appetite of importers across the globe, trading and refining sources told S&P Global Commodity Insights on Oct. 19. In addition, China’s state-run oil giant PetroChina is expected to return… Read More