Chris writes: "As far as I am aware, since January 3 Venezuela has sent no oil to Cuba or China. This is a very big "impact" on Venezuela's oil exports. And the blockade was a big factor in causing this "impact". The Venezuelan government knew that any tanker heading for China or Cuba would be likely to be seized by the US navy."
No the blockade had *zero* impact after about Jan 10, when it ended. The factors that explain why no oil has gone to Cuba or China are: 1) PDVSA no longer sells oil to anyone, not just not to China or Cuba. About 80% of exports are sold by US-appointed intermediaries and Chevron, the rest by other companies operating in Venezuela https://x.com/i/status/2055681268679917834 2) US blocks oil sales to Cuba, including but not limited to oil from Venezuela. 3) China has stopped buy Venezuelan oil, despite offers by US-appointed intermediaries to sell it to them as back as in January https://www.bloomberg.com/news/articles/2026-01-19/vitol-offers-venezuelan-crude-oil-to-china-at-narrower-discount -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#41750): https://groups.io/g/marxmail/message/41750 Mute This Topic: https://groups.io/mt/119336058/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/13617172/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
