Home › Forums › Refining Community › Refinery News › Fw: Venezuela OPEC crude cuts US/China 189MBD – non-event? › RE: Fw: Venezuela OPEC crude cuts US/China 189MBD – non-event?
Here is update on PDVSA OPEC crude cuts – essentially a non-event or alignment with what has already happened since XOM Chalmette wasn’t taking in the PDVSA crude anyway (see prior post on PDVSA fighting for Operating control to force crude back into JV plant during $12B dispute with XOM over Upgrader asset siezure).
Also China has already backed off demand on crude imports from PDVSA more than the token 18MBD mentioned here and same goes for EU. (Meanwhile the MidEast crude producers are still loading VLCC ships to use as floating storage.)