Vitol Steps Up Venezuela Oil Buying Before USA License Lapses

Vitol Steps Up Venezuela Oil Buying Before USA License Lapses

Vitol is set to load at least 2.5 million barrels of Venezuelan oil this month, according to documents seen by Bloomberg.

Tank ships are lining up near an old oil port in the western region of Venezuela to load crude oil and depart from the South American country before the May 27 deadline established by the United States to close operations and exports, according to documents and data. Venezuela, sanctioned by the United States, is preparing to [...] Entry Reuters: Ships queue near Venezuela's oil port before the expiration of licenses was first published in Infor…

Vitol’s Last-Minute Oil Surge in Venezuela as US License Expires - EnergiesNet

Vitol Group has stepped up oil purchases in Venezuela in the final weeks of a US license that allows the world’s largest independent oil trader to do business in the sanctioned nation. Bloomberg News HOUSTON EnergiesNet.com 04 25 2025 Vitol Group has stepped up oil purchases in Venezuela in the final weeks of a US