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Vitol and Trafigura Secure U.S. Licenses to Trade Venezuelan Oil
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Why This Matters
Vitol and Trafigura, two major oil traders, have secured U.S. licenses to trade Venezuelan oil, and are offering crude to refiners in China and India for March delivery, marking a significant development in the country's oil market.
Market Impact
Market impact analysis based on bullish sentiment with 80% confidence.
Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Vitol and Trafigura are offering Venezuelan crude to refiners in China and India for March delivery, trade sources told Reuters on Monday, days after two of the world’s biggest independent oil traders obtained special U.S. licenses to help market Venezuela’s oil. At the request of the US government, Trafigura and Vitol are providing logistical and marketing services to facilitate the sale of Venezuelan oil, Trafigura said on Friday, following a meeting of oil industry executives with U.S. President Donald Trump at the White…
Original article published by
OilPrice.com
on January 12, 2026.
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Analysis and insights provided by AnalystMarkets AI.