Vitol and Trafigura seek deeper discounts on Venezuelan crude amid higher freight
Global oil trading firms Vitol and Trafigura are pushing for steeper discounts on Venezuelan crude as rising freight rates reduce their margins, according to five sources.
Global oil traders Vitol and Trafigura are seeking steeper discounts on Venezuelan crude oil as higher freight rates pressure their margins, five people familiar with the matter said. The two merchant houses have been among the largest buyers of Venezuelan oil in recent months.