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Bloomberg

BP Joins Venezuelan Oil Trade to Challenge Trafigura and Vitol

Tuesday, August 18, 2026


BP Plc began trading Venezuelan oil following the removal of former President Nicolás Maduro. Trafigura Group and Vitol Group had previously entered the Venezuelan oil trade. The specific terms and volume of BP's trading activities were not detailed in available reports.

Original reporting: https://www.bloomberg.com/news/articles/2026-08-18/bp-joins-venezuelan-oil-trade-to-challenge-trafigura-and-vitol

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