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Live Updates  >  Live Update Details

2025-12-17 10:50:16

Crude oil buyers at Venezuela's state-owned oil company PDVSA are demanding larger price discounts and adjustments to spot contract terms. Sources say many clients are asking PDVSA to relax trading terms, particularly the company's requirement that crude oil shipments be prepaid in digital currency before departure approval. Other clients are seeking demurrage compensation—costs incurred due to shipping delays. One company source stated that PDVSA could face a surge in return requests if the risks associated with shipping oil from Venezuela increase for clients and shipowners while the contract terms remain unchanged.

Real-Time Popular Commodities

Instrument Current Price Change

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4.61

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1.650

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0.255

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-0.0002

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USDCNH

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0.0032

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