World & BusinessVitol and Trafigura reportedly seek steeper discounts on Venezuelan oil
Reuters reports that rising freight rates are shrinking the trading firms’ margins, citing five sources familiar with the matter.
TLDR
Global oil trading firms Vitol and Trafigura are pushing for steeper discounts on Venezuelan crude as rising shipping costs shrink their margins, Reuters reports, citing five sources familiar with the matter.
Vitol and Trafigura reportedly seek steeper discounts on Venezuelan oil
Reuters reports that rising freight rates are shrinking the trading firms’ margins, citing five sources familiar with the matter.