China Nears End of Cheap Venezuela Oil as Last Tankers Head East

The conclusion of cheap Venezuelan oil imports could have far-reaching implications for China's energy strategy. As the country grapples with rising global oil prices and potential supply shortages, it may need to pivot towards alternative sources or invest in domestic production. This shift not only impacts China's economy but also alters the geopolitical dynamics in the region, particularly in relation to U.S. sanctions on Venezuela.