Summary

The US intervention in Venezuela will likely disrupt oil flows to China, impacting the supply of discounted, high-sulphur crude used for bitumen production. However, a significant amount of sanctioned crude, including Venezuelan oil, is currently stored at sea, providing a short-term buffer for Chinese buyers.

https://www.theedgesingapore.com/news/oil-gas/blow-china-loss-venezuela-oil-blunted-hoard-sea