Vitol to load first diluent cargo under Venezuela supply deal this weekend: Report

Vitol to Load First Venezuela Diluent Cargo This Weekend

Commodities trader Vitol is set to load its first cargo of naphtha from the U. S. Gulf Coast to Venezuela this weekend as part of a supply deal with the U. S. government. The vessel Hellespont Protector has been chartered for this delivery, which helps to thin Venezuela’s crude oil for easier processing. with information […] The post Vitol to Load First Venezuela Diluent Cargo This Weekend appeared first on Modern Diplomacy.

Chevron competes with rivals for Venezuelan oil sales, sources say

KEY TAKEAWAYS: Chevron, Vitol and other traders vie for Venezuelan crude export deals with U.S. officials. Chevron seeks expanded U.S. license to boost Venezuelan oil exports. U.S. deal includes initial $2B supply agreement following capture of Maduro. Vitol received preliminary special license to begin Venezuela oil trade talks.   U.S. oil major Chevron, global trading house Vitol and other oil traders, producers and refiners are competin…

Vitol and Trafigura in talks with US on Venezuelan oil sales, sources say

Washington said it wants to control Venezuela's oil sales and revenue indefinitely. Trump has already ‍said U.S. companies will invest in Venezuela and rebuild its oil industry to produce more oil and bring global energy costs ​down.

Exclusive: Traders Vitol and Trafigura to join White House ...

US to Send First Heavy Oil Diluent Shipment to Venezuela

The United States is set to deliver its first shipment of naphtha to Venezuela this week, a crucial diluent for the country’s heavy crude, marking a significant step in efforts to restore Venezuelan oil production and exports, according to sources cited