20 Oct, 23

India’s Booming Coal Demand Drains Inventories

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1. US Lifts Sanctions on Venezuela for Six Months- The US will temporarily lift sanctions on Venezuela’s oil sector as Caracas promised to work with the opposition coalition to ensure free and fair presidential elections in 2024, allowing PDVSA to export oil to any destinations. – Up until now, it was only Chevron that was allowed to import Venezuelan crude into the United States, with some 150,000 b/d of production coming from the US major’s four JVs with PDVSA. – China’s independent refineries will from now on face increased…

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