US naphtha begin arriving in Venezuela to reanimate heavy oil output, ship data showed
Reuters·2026-01-23 17:22

Core Viewpoint - The first naphtha cargo for Venezuela, part of a recent oil deal between Caracas and Washington, has arrived in the country's waters, indicating a significant development in U.S.-Venezuela relations regarding oil trade [1] Group 1 - The naphtha cargo was delivered by a tanker chartered by trading house Vitol, highlighting the involvement of major trading companies in the transaction [1] - This shipment marks a pivotal moment in the oil deal agreed upon earlier this month, suggesting a potential shift in Venezuela's oil export dynamics [1]