Exclusive: Vitol gets preliminary US license to begin negotiations on Venezuelan oil imports and exports, four sources say

Core Insights - Vitol, one of the largest commodity traders globally, has received a preliminary special license from the U.S. government to negotiate the import and export of oil from Venezuela for a duration of 18 months [1] Group 1: Company Developments - The special license allows Vitol to engage in oil trade with Venezuela, indicating a potential shift in U.S. policy towards Venezuelan oil imports [1] - This development may enhance Vitol's operational capabilities and market position in the oil trading sector [1] Group 2: Industry Implications - The ability to import and export Venezuelan oil could impact global oil supply dynamics, particularly in light of ongoing sanctions and geopolitical tensions [1] - The move may signal a broader trend of re-engagement with Venezuelan oil, which could influence pricing and availability in the global market [1]