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المشهد العربي
Venezuelan oil exports delayed by rising shipping costs
Venezuelan oil sales scheduled for October have halted due to rising shipping costs, which have more than doubled. This has reduced the competitiveness of Venezuelan oil relative to Canadian supplies heading to the United States. Venezuelan oil was offered at a discount of nearly $14 per barrel compared to Brent prices, with shipping costs rising to $7 per barrel. This made the Venezuelan crude more expensive than Canadian supplies by over five dollars, impacting the U.S. market and complicating negotiations between the Venezuelan oil company and buyers.
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