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China's Sinochem Purchases Venezuelan Oil
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China's Sinochem Corp buys a million barrels of Venezuelan crude oil after U.S. suspends sanctions, reflecting tightening supplies and growing demand from India and the United States.
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How does this transaction reflect broader trends in global energy trade and diplomacy?
How might the easing of sanctions impact the global oil market and trade dynamics?
What are the potential implications of China's increasing oil purchases for the geopolitical landscape?
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