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Latin America

Vitol Ramps Venezuela Oil Buys Pre-US License End

OMC Editorial Desk 12 months ago 1 min read

Global energy markets are closely monitoring the latest strategic maneuvers within the Venezuelan oil sector, particularly as a critical U.S. sanctions license approaches its expiration. Vitol Group, a titan in independent oil trading, has significantly ramped up its crude purchases from Venezuela in the final weeks leading up to the May 27 deadline, underscoring the urgency to maximize permitted operations.

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