oil imports

(ZHE) Just days after Beijing officially launched  Yuan-denominated crude oil futures (with a bang, as shown in the chart below, surpassing Brent trading volume) which are expected to quickly become the third global price benchmark along Brent and WTI, China took the next major step in the challenging the Dollar’s supremacy as global reserve currency (and internationalizing the […]

Venezuelan President Nicolas Maduro fist bumps a worker of the state-run oil company PDVSA during a visit to the Orinoco oil belt in Venezuela in 2013. (Photo: Miraflores/AP)
The administration of U.S. President Donald Trump may consider banning oil imports from Venezuela if the country moves forward with its July 30 National Constituent Assembly, the Financial Times reported Tuesday.