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US-Venezuela oil deal deepens China’s energy security squeeze

A landmark oil agreement between Washington and Caracas threatens to cut Chinese refiners off from a cherished source of discounted crude, handing the United States greater sway over global oil prices. US President Donald Trump announced on August 28 that the US had reached what he called the biggest oil deal in world history with […]

The post US-Venezuela oil deal deepens China’s energy security squeeze appeared first on Asia Times.

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