Venezuelan Oil Heads to Europe in First Since Maduro Capture

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 a shipping report seen by Bloomberg. Energy trader Vitol Group, which together with Trafigura Group was enlisted by the US to sell Venezuelan oil, is listed as owner of the cargo.