Trafigura and Vitol are reportedly in discussions with significant Chinese and Indian refiners re. the potential sale of Venezuelan crude, Bloomberg reprots citing sources

The news of Trafigura and Vitol potentially selling Venezuelan crude to major Chinese and Indian refiners signals a significant demand shift in the global oil market.

Newsquawk StaffPublished 12 Jan 2026, 11:01 UTCOn the live feed at 10:41 UTC — 1 more headline followed before this page went public

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11:02

US GOP policymakers are reportedly getting behind a stock-trading clampdown which aims to alleviate concerns related to lawmakers profiting off insider information, via WSJ

11:01

AbbVie (ABBV) to acquire Arizona manufacturing facility, strengthening their manufacturing presence in the US

10:41

Trafigura and Vitol are reportedly in discussions with significant Chinese and Indian refiners re. the potential sale of Venezuelan crude, Bloomberg reprots citing sources

10:34

Chinese President Xi calls for advancing full and rigorous Party self-governance with higher standards and more concrete measures

10:30

Indian CPI Inflation YY (Dec) 1.33% vs. Exp. 1.5% (Prev. 0.71%)

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Context

This move could impact both WTI and Brent prices as it suggests a diversification of sourcing for Asia, potentially easing prior supply constraints and influencing the crude balance globally. Investors should watch for price reactions and any regulatory implications surrounding Venezuelan oil exports.

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