Vitol, Trafigura Set to Move Venezuelan Oil to Caribbean
Commodity trading giants Vitol and Trafigura are reportedly preparing to transport Venezuelan oil to various Caribbean d
Commodity trading giants Vitol and Trafigura are reportedly preparing to transport Venezuelan oil to various Caribbean destinations. This move comes as the U.S. has eased some sanctions on Venezuela, potentially opening up new avenues for its crude exports and increasing global oil supply.
Watch upcoming earnings, policy statements and sector-level price action for confirmation.
Commodity trading giants Vitol and Trafigura are reportedly preparing to transport Venezuelan oil to various Caribbean destinations. This move comes as the U.S. has eased some sanctions on Venezuela, potentially opening up new avenues for its crude exports and increasing global oil supply.