Vitol, Trafigura Discuss Venezuelan Oil Sales with India, China for March Delivery
18 hours agoBusiness
47LENS
3 SourcesVenezuela
TBNthebalanced.news
Vitol, Trafigura Discuss Venezuelan Oil Sales with India, China for March Delivery

Commodities traders Vitol and Trafigura are in discussions with Indian and Chinese refiners to sell Venezuelan crude oil for March delivery. The firms recently secured agreements with the U.S. government to market Venezuelan oil, aiming to resume exports halted since President Maduro's ouster. Vitol is reportedly offering cargoes to Indian state refiners at a discount, while both traders are exploring interest from PetroChina. Indian refiners and Reliance Industries are considering purchases, pending U.S. regulatory clarity.

Political Bias
33%34%33%
Sentiment
54%