Vitol and Trafigura are involved in the market where European companies are buying Venezuelan crude oil, which is being offered at a discount to Brent prices.
5 reports, 4 independent
Updated Sep 23
Gone quiet
- Reports
- 5
- Developments
- 4
- Repetition
- 40%
New informationRepeats or wire copies
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What happened
Vitol and Trafigura are involved in the market where European companies are buying Venezuelan crude oil, which is being offered at a discount to Brent prices.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Vitol, a major energy trading firm, commented on market tightness and how geopolitical risks are pushing oil prices toward $100 a barrel.Sub-event
The discount applied to Venezuelan crude oil supply is decreasing.1 source
European companies are buying Venezuelan crude oil, offered at a discount to Brent.1 source
UBS analysis links Venezuelan output gains to Brent price changes, dominated by Hormuz risk.1 source