China’s Oil Imports From Venezuela Fell in July on US Sanctions

China’s Oil Imports From Venezuela Fell in July on US Sanctions
A crude oil tanker is seen at Qingdao Port, Shandong province, China, April 21, 2019. Jason Lee/Reuters
|Updated:
BEIJING—China’s crude oil imports from Venezuela plunged 62 percent in July from the previous month, the latest Chinese customs data showed, as growing tension between Washington and the Maduro government made buyers wary of taking oil from the South American exporter.
Arrivals of crude oil from Venezuela were 703,742 tonnes last month, or 165,720 barrels per day (bpd), data from the General Administration of Customs showed. That is down from 275,646 bpd in June.