Approximately 2mln barrels of Venezuelan crude is departing for Spain's Repsol (REP SM)

The shipment of approximately 2 million barrels of Venezuelan crude to Spain's Repsol suggests a strengthening demand for Venezuelan oil amidst potential easing of sanctions.

Newsquawk StaffPublished 5 Feb 2026, 15:38 UTCOn the live feed at 15:18 UTC — 4 more headlines followed before this page went public

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Approximately 2mln barrels of Venezuelan crude is departing for Spain's Repsol (REP SM)

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Context

This move may indicate a more favorable trading environment for Venezuelan crude, impacting WTI and Brent prices as markets assess supply dynamics in light of ongoing geopolitical tensions. Traders should watch how this influences broader oil market sentiment and the outlook for energy pricing.

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