oil traders

Traders rebrand Venezuelan oil for China as Brazilian, sources and tanker trackers say

May 12, 2025

(BOE Report) – Traders have rebranded more than $1 billion of Venezuelan oil shipments to China as Brazilian crude over the past year, according to two tanker tracking firms, company documents and four traders, helping buyers to cut logistics costs and circumvent U.S. sanctions. Independent refiners in China are the main buyers of seaborne oil shipments from countries sanctioned by

Brent Traders reroute WTI oil cargoes from Europe

October 1, 2024

(Oil Price) – Big traders of the U.S. WTI Midland crude, which is now part of the dated Brent benchmark, have used a ‘bookout’ option in the Platts window to reroute Europe-bound cargoes elsewhere, in a move that could influence the price of dated Brent, Reuters reported exclusively on Tuesday, citing trading sources and analysts. The so-called bookout clause is allowed under the

Traders rebrand Venezuelan oil for China as Brazilian, sources and tanker trackers say

Brent Traders reroute WTI oil cargoes from Europe

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