The U.S. government is preparing to issue a general license allowing companies to pump oil in Venezuela, part of the Trump administration’s plan to ease sanctions and rebuild the nation’s moribund energy industry.
Europe is set to receive some of its first shipments of Venezuelan oil in almost a year after traders rolled out offers worldwide to sell cargoes at the behest of the Trump administration. The ship Poliegos is on its way to pick up Venezuelan oil and deliver it to a port in Italy, according to […]
Trading house Trafigura sold a cargo of Venezuelan oil to a Spanish refiner, while rival Vitol prepared to export Venezuelan fuel oil as shipments accelerate from the OPEC nation under a U.S.-backed $2 billion oil supply deal following the capture of President Nicolas Maduro, oil industry sources said on Thursday.
Europe is set to receive some of its first shipments of Venezuelan oil in nearly a year after traders rolled out offers worldwide to sell cargoes at the behest of the Trump administration.