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Citgo purchases first Venezuelan oil from Trafigura since 2019, sources claim

Posted to Maritime Reporter on January 29, 2026

Citgo Petroleum, a U.S. refiner, has purchased Venezuelan crude oil for its first purchase since 2019. This was when Citgo severed its ties with Petroleos de Venezuela (its parent company), two sources said on Wednesday. The 830,000-barrel-per-day refiner…

Citgo purchases first Venezuelan oil from Trafigura since 2019, sources claim

Posted to Maritime Reporter on January 29, 2026

Two sources with knowledge of the matter confirmed on Wednesday that Citgo Petroleum, a U.S. refiner, has bought Venezuelan crude for the first since 2019. That was when it severed its ties with Petroleos de Venezuela - the state-run oil company.

Shipping data shows that a tanker carrying Venezuelan heavy crude oil is heading to Louisiana.

Posted to Maritime Reporter on January 25, 2026

A crude tanker chartered Trafigura?departed from Venezuela's Jose Port?to Louisiana Offshore Oil Port?documents and LSEG data showed. This was the first cargo to go directly to the U.S. under a 50 million barrel supply agreement agreed between Caracas this month and Washington.

Source: Cathay Petroleum and Brazil's Prio in a marketing agreement

Posted to Maritime Reporter on September 26, 2025

A trading executive who has direct knowledge of this deal confirmed that the Asian trading firm Cathay Petroleum had agreed to an annual marketing deal for Brazilian crude oil throughout the Asia-Pacific region on behalf of independent producer Prio.
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