When will Trafigura start exporting Venezuelan oil to the U.S.?

Trafigura expects to load its first vessel for Venezuelan oil exports to the U.S. next week.

What is the significance of Vitol and Trafigura's talks with the U.S. government?

The talks are about securing deals to sell Venezuelan crude oil globally.

Are U.S. companies now allowed to import Venezuelan oil?

Discussions are underway for deals to sell Venezuelan crude oil globally, suggesting potential shifts in import regulations.

Home / Business and Economy / Trafigura Set to Ship Venezuelan Crude to America

Trafigura Set to Ship Venezuelan Crude to America

10 Jan

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Summary

Trafigura plans to load its first vessel for U.S. oil exports next week.
Commodities traders Vitol and Trafigura are in talks with the U.S. government.
These talks concern deals for selling Venezuelan crude oil globally.

Trafigura Set to Ship Venezuelan Crude to America

Trafigura anticipates loading its inaugural vessel for Venezuelan oil exports destined for the United States within the upcoming week. This significant development was communicated by the commodities trading house's Chief Executive, Richard Holtum, during a meeting at the White House.

Earlier reports indicated that both commodities traders, Vitol and Trafigura, were actively negotiating with the U.S. government. These discussions are focused on securing agreements to distribute Venezuelan crude oil to international markets.

The potential deals signify a notable shift in the global oil trade landscape, opening new avenues for Venezuelan crude under previously restricted conditions.

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