World’s Top Oil Trader Returns To Venezuela After U.S. Sanctions Relief

World’s Top Oil Trader Returns To Venezuela After U.S. Sanctions Relief

OilPrice.com

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Vitol Group, the world’s largest independent oil trader, has hired a supertanker to load oil from Venezuela, lists of ship charters compiled by Bloomberg showed on Wednesday.   Vitol has hired Gustavia S, capable of carrying 2 million barrels of oil, which is now en route to the Gulf of Mexico, per vessel-tracking data compiled by Bloomberg. Gustavia S, booked for $11 million, is set to load Venezuelan oil later in November or in early December.   The return of the top international oil trading houses to Venezuela follows…

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