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Traders push for discounts for Venezuelan oil as shipping costs soar, sources say
Source: reuters.com
Energy Markets & PricesCommodities & Raw MaterialsTransportation & Logistics
Vitol and Trafigura are seeking steeper discounts on Venezuelan crude as higher freight rates erode trading margins. The pressure could reduce Venezuela's realized oil prices and underscores how shipping-cost inflation is weighing on physical crude trade economics.
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