Venezuela -- Tick, Tick, Tick -- February 9, 2017

Venezuela falls behind on oil-for-loan deals with China -- Reuters, data points:
not just a few days, but months behind in crude and fuel under oil-for-load deals with China and Russia

• China and Russia have provided Venezuela at least $55 billion in credit
• total worth of late cargoes: at least $750 million
• wow -- $55 billion in credit, and not only are cargoes a pittance of that (less than a billion dollars), that cargo is not even getting to China, Russia
• nearly 10 million bbls in arrears; as much as 10 months late

Spreadsheet here.