Small U.S. traders enter the Venezuelan oil market, challenging giants Trafigura and Vitol

Golden Ten Data reported on May 10 that George E. Warren Company from Florida will export 1 million barrels of Venezuelan crude oil this month, breaking the dominance of Trafigura and Vitol Group since the beginning of this year. This is the company's first transaction after the U.S. eased sanctions. In April, Venezuela’s oil exports rose to nearly 1.2 million barrels per day, reaching a seven-year high.