president Maduro captured after US strikes

[quintessentone]

I think Russia keeps getting their refineries attacked.  And China is just an energy hog that if they want to keep their stuff cheap needs cheap energy or they lose part of their economic model.

It appears that China, who until recently bought 68% of Venezuela's oil, has selected another supplier (Iran). Who will the U.S. sell Venezuela's oil to now?

[WallFlowerActive]

It appears that China, who until recently bought 68% of Venezuela's oil, has selected another supplier (Iran). Who will the U.S. sell Venezuela's oil to now?

Shrugs.  China uses around 16 million barrels of oil a day.

Venezuela capacity ships roughly an average of 800,000 to a million barrels a day.

Added


https://www.fdd.org/analysis/2025/11/19/...e%20total.

[ElitePlebeian]

It appears that China, who until recently bought 68% of Venezuela's oil, has selected another supplier (Iran). Who will the U.S. sell Venezuela's oil to now?

Maybe the rest of the world? You think having oil to sell is going to be an issue in the near future?

[quintessentone]

Maybe the rest of the world? You think having oil to sell is going to be an issue in the near future?

I think that would depend on whether or not countries are moving away from fossil fuels.

"Oil consumption by country 2025
The United States, China, India, Japan, Russia, and Saudi Arabia are among the countries experiencing downward trends in oil consumption. These nations are facing various challenges that are contributing to a decrease in oil demand, such as the rapid adoption of electric vehicles, growth in natural gas-powered trucks, and a downturn in the property sector in China. The United States, with its high level of industrial activity and energy requirements, continues to be the largest oil consumer globally. However, the trend of oil consumption among OECD countries is forecasted to decline by 1.7 million barrels per day through 2030, indicating a shift in the global energy landscape. 

IEA – International Energy Agency+1"

[WallFlowerActive]

I think that would depend on whether or not countries are moving away from fossil fuels.

"Oil consumption by country 2025
The United States, China, India, Japan, Russia, and Saudi Arabia are among the countries experiencing downward trends in oil consumption. These nations are facing various challenges that are contributing to a decrease in oil demand, such as the rapid adoption of electric vehicles, growth in natural gas-powered trucks, and a downturn in the property sector in China. The United States, with its high level of industrial activity and energy requirements, continues to be the largest oil consumer globally. However, the trend of oil consumption among OECD countries is forecasted to decline by 1.7 million barrels per day through 2030, indicating a shift in the global energy landscape. 

IEA – International Energy Agency+1"

Which has noting to do with Venezuela accounted for less than 7 percent of the supply to China in 2025.

[quintessentone]

Which has noting to do with Venezuela accounted for less than 7 percent of the supply to China in 2025.

I don't know where you are getting your data from, but China accounted for 50% of Venezuela's exported oil to China in 2025, followed by it's next largest customer, that being the USA. Other customers like Cuba, Brazil and Turkey you can basically consider them as customers lost. India and Spain, I'm not so sure about.

"China: Venezuela's largest customer, accounting for more than 50% of its oil exports, with approximately 503,000 barrels per day (bpd) reported in early 2025."

Update: Possible 25% Tariff on Countries Importing Venezuela Petroleum

[WallFlowerActive]

Global Oil Consumption Reaches All-Time HighJuly 14, 2025 
https://finance.yahoo.com/news/global-oi...yx592El4A8

[WallFlowerActive]

I don't know where you are getting your data from,

https://www.fdd.org/analysis/2025/11/19/...e%20total.

Right there in the link.  

In 2025, Venezuela was only meeting 6.9 percent of China’s oil needs.  Where Venezuela’s capacity to produce and ship oil fell from 3 million to about 1 million barrels a day over the years from neglect of its facilities.  Where China uses about 16 million barrels a day.

[quintessentone]

[Image: https://denyignorance.com/uploader/image...ebbd7.jpeg]

From your source: consumption falling/decreasing -

"The U.S. remains the world’s largest oil consumer, accounting for 18.7% of global demand. Daily consumption in the U.S. fell slightly from 2023, but over the past decade it increased by 0.5% per year on average.China was the world’s second-largest oil consumer, accounting for 16.1% of global demand. Its daily consumption fell 1.2% to 16.4 million bpd in 2024. This decline is a marked departure from the average 4% gain per year over the past decade, which means China’s oil demand may be showing signs of plateauing. With economic growth slowing and a push toward electrification of transportation underway, some analysts speculate China may be approaching its long-term oil demand peak."

India consumption increasing, but will they buy their oil from USA's Venezuelan oil?

"Strip those out, and U.S. production of crude oil and condensate—the type of output most analysts consider “true oil”—comes in at 13.2 million barrels per day. Although this was yet another production record, the 2% increase from 2023 was less than half the 4.2% average annual gain over the previous decade, which could be an indication that U.S. production is close to a plateau."

---

Now add to the complexity of the potential influx of Chinese affordable (dirt cheap) electric vehicles worldwide and what do you think will happen?

[WallFlowerActive]

From your source:

Which has nothing to do with you posts this..

It appears that China, who until recently bought 68% of Venezuela's oil, has selected another supplier (Iran). Who will the U.S. sell Venezuela's oil to now?

So I pointed out…

Shrugs.  China uses around 16 million barrels of oil a day.

Venezuela capacity ships roughly an average of 800,000 to a million barrels a day.

Added


https://www.fdd.org/analysis/2025/11/19/...e%20total.