Supertankers U-Turn from Venezuela, China's Oil Supply in Doubt Amid US Blockade

• Two China-flagged supertankers, Xingye and Thousand Sunny, made U-turns from Venezuela, heading back to Asia.
• The U-turns suggest Venezuela might not directly export oil to China soon, despite a US deal to release Venezuelan oil.
• China, Venezuela's largest oil market, hasn't received PDVSA cargoes since last month due to ongoing US embargoes.
• Global trading houses Vitol and Trafigura are preparing first cargoes from a $2 billion deal for the US, India, and China.
• The supertankers were part of a fleet covering the Venezuela-China route for crude to service Venezuela's debt to China.

Why It Matters: Chinese supertankers reversed course from Venezuela, signaling continued US-led oil export complications for China.