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Venezuela Reportedly Assures CN That Oil Prices Will Not Be Guided by US
2026-02-04 17:43:31 Venezuela assured China that its oil pricing will not be guided by the US, accentuating that China's investments in the South American country remain secure, according to CNBC, citing Venezuelan state media. Venezuelan Ambassador to China, Remigio Ceballo, dismissed reports that Washington would influence the price of Venezuelan crude oil purchased by China, stating that Venezuela will not follow arrangements made by the US or other countries. Last month, The Wall Street Journal had reported that US President Donald Trump and his advisors are planning actions aimed at dominating Venezuela's oil industry in the coming years. Subsequently, reports citing two trade executives indicated that since the US took control of OPEC member Venezuela's oil exports, the Chinese SOE PETROCHINA (00857.HK) has instructed its traders to cease purchasing or trading Venezuelan crude oil. ~ AASTOCKS Financial News Website: www.aastocks.com | |