Petro China Suspends Venezuelan Oil Imports In Huge Blow to Maduro

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Even if China continues to thwart US sanctions on Iran, in the case of Venezuela Trump appears to be gaining the upper hand.

Bloomberg reported Friday that China National Petroleum Corp. (parent company of oil giant PetroChina Ltd) — the country’s biggest energy company — is for the first time in over a decade backing away from Vezenuelan crude, canceling shipments in August:

Learn More:
https://www.zerohedge.com/news/2019-08-16/petrochina-suspends-venezuelan-oil-imports-amid-us-sanctions-huge-blow-maduro

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