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YGRN - Crude Oil Trade: Venezuelan Exports Reach New Record Low
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
Venezuela's crude oil exports continued to fall in August; estimates suggest they have reached their lowest level this year. China increased imports last month, but shipments decreased as purchases have been recently halted due to tougher US sanctions. Venezuela's total exports of crude oil marginally surpassed 600,000 b/d, with another 170,000 of oil products estimated to have been shipped from the Latin country last month.
Some Chinese buyers, including state-run CNPC, have been cancelling shipments of Venezuelan barrels previously scheduled for August, due to Washington warning that property of foreign companies in the US could