Traders have rebranded more than $1 billion of Venezuelan oil shipments to China as Brazilian crude over the past year, ...

The discovery was made at the exploratory well 3-BRSA-1396D-SPS in the Aram block, 248km from Santos, São Paulo, Brazil.

Traders are selling Venezuelan crude oil as Brazilian to China to avoid US sanctions and reduce transportation costs.

Traders have rebranded more than $1 B of Venezuelan oil shipments to China as Brazilian crude over the past year, according ...

Traders have rebranded more than $1 billion of Venezuelan oil shipments to China as Brazilian crude over the past year, ...

Over the past year, more than $1 billion in Venezuelan oil shipments to China has been relabeled as Brazilian crude by ...