https://tankie.tube/videos/watch/8257f5a3-0faa-43db-bc42-0b60ca3d1622 China is a major buyer of Venezuelan crude oil, and will probably look to secure new sources of supply. But there is little urgency for them to do so. Oil prices are falling, and other suppliers are eager to step up their exports to China, and were doing so before the takeover of Venezuela. China also is at surplus for crude oil imports, and in November alone was over 1.8 million barrels, per day, that went into storage. Chinese inventory builds and draws are now the most important driver in crude oil markets. Closing scene, Luoyang, Henan Resources and links: Reuters, China overtakes OPEC+ as the main oil price maker https://www.reuters.com/markets/commodities/china-overtakes-opec-main-oil-price-maker-2025-12-22/ China accelerates crude stockpiling amid weaker oil price trend https://www.reuters.com/markets/commodities/china-accelerates-crude-stockpiling-amid-weaker-oil-price-trend-2025-12-16/ China's November crude oil imports reach highest daily level in 27 months https://www.reuters.com/business/energy/chinas-november-crude-oil-imports-reach-highest-daily-level-27-months-2025-12-08/ What is OPEC+ and how is it different from OPEC? https://www.eia.gov/todayinenergy/detail.php?id=56420 Maduro, Venezuela, The U.S.—And The Oil Shock China Can’t Price In https://www.forbes.com/sites/guneyyildiz/2026/01/03/maduro-venezuela-the-us-and-the-oil-shock-china-cant-price-in/ Sat, 11 Apr 2026 14:11:07 GMT https://validator.w3.org/feed/docs/rss2.html PeerTube - https://tankie.tube https://tankie.tube/lazy-static/avatars/3ba3ff73-a8b6-49c9-add8-9653ef090c7f.webp https://tankie.tube/videos/watch/8257f5a3-0faa-43db-bc42-0b60ca3d1622 All rights reserved, unless otherwise specified in the terms specified at https://tankie.tube/about and potential licenses granted by each content's rightholder.