USDJPY
EURUSD
GOLD
ICYMI - Venezuelan oil exports to China set to slump as U.S. blockade bites
Key Takeaways (30s Read)
Venezuelan oil exports to China are set to decline sharply due to the US blockade.
Venezuelan oil exports to China are projected to drop sharply from February due to the US blockade. Export volumes have dwindled significantly since the blockade was initiated by the Trump administration, which has affected the ability of tankers to leave Venezuela. Only three shipments have passed through the blockade since mid-December, leading to a forecasted daily export of approximately 166,000 barrels by late February, compared to 642,000 bpd in 2025. This decline is expected to particularly impact China's independent teapot refiners, prompting them to seek alternatives. However, the current inventory levels in China remain high, indicating that immediate supply issues may be mitigated.
AI Analyst
AI Opinion
"The sharp decline in Venezuelan oil exports could significantly impact the international energy market. The prolonged US blockade may particularly affect China's teapot refiners, who will have to seek alternative heavy crude supplies. As the US continues to exert pressure on Venezuela, it will be crucial to monitor how international markets respond. Over the long term, this shift may affect oil prices and supply stability, making it essential for stakeholders to remain vigilant."
RECOMMENDED BROKER Trusted Broker
Maximize This Opportunity.
Turn AI-detected market inefficiencies into profit with industry-leading specs. There's a reason pros choose Exness.
Raw Spreads
0.0 pips~
Leverage
Unlimited
Execution
Instant
AI Market Analysis Team
Combining advanced AI algorithms with professional trader insights. We analyze market drivers 24/7 to provide objective trading scenarios.