Energy
Trading Giants Want to Sell Venezuela Oil to Big Asia Buyers
A crude oil tanker in Maracaibo, Venezuela.
Photographer: Maryorin Mendez/AFP/Getty Images
Vitol Group and Trafigura Group are in talks with large Indian and Chinese refiners over potential sales of Venezuelan crude, days after they obtained a preliminary green light from the US to market the oil.
The traders contacted leading Asian buyers over the weekend, according to people familiar with the matter, who asked not to be identified because they are not authorized to speak publicly. Conversations are at an early stage and no formal offers have been made, they added.